What work can an Independent Risk Management Consultant perform?
An Independent Risk Management Consultants can provide continuing service as your part-time risk manager. This service is provided to firms where the duties are fragmented throughout the organization, when one indivdual does not have sufficient time to spend on risk management issues, or when the cost of staffing a risk management department is not practical. An Independent Risk Management Consultant can provide assistance on special projects whether or not you have a risk management department to allow the organization the greatest flexibility. Projects can include agent or broker selection, preparation of specifications, insurance policy review, alternative risk financing studies, assistance with mergers and acquisitions, cost of risk or premium allocations, or renewal negotiations. Special projects may also include avoiding staffing up for a large project like an Owner Controlled Insurance Program (OCIP), only to have to suffer through staff reductions at the end of the project. An
