If you are like most organizations, your most valuable asset is your profit or EBITDA margins (or budget surplus if you’re a non-profit). Astute leaders focus on increasing these important factors, as they are crucial to growing the reach of your operations.
Let’s discuss one way that is often overlooked:
Stopping and recapturing the existing Financial Leakage that CURRENTLY resides inside your risk management and risk control program.
What does this mean?
Simply put, there are many additional unbudgeted costs that ripple through your organization when a claim event occurs. Sure, the insurance companies likely pay for the bulk of it, but they do not cover the indirect costs that YOU absorb.
For example, a workplace accident with an injury comes with additional expenses like the costs of retraining another employee, reputational damage, and of course, business disruption. Paying for these erodes your profit margins.
To reduce this negative impact, you should:
- Quantify the Financial Leakage currently inside your risk management and risk control program. This is a finite, quantifiable, and controllable expense that prevents you from maximizing your ultimate profit potential.
- Work with a qualified firm to measure and recapture as much Financial Leakage as possible. With the proper analytic tools, our firm can assess your Financial Leakage AND create a plan to help you reduce its impact.
As an Analytic Brokerage, our firm is uniquely qualified to help assess and reduce your Financial Leakage to improve your profit margins. Beyond insurance placements, we work hand in hand with our clients as financial improvement partners.
If you’d like to learn more about how we can improve your business model, contact us for a complimentary, no obligation consultation.
Did you know that financial leakage inside your Risk Financing and Risk Control Program can add an additional 40% to your premium cost?
It’s true. This is not a drill.
Every time you have a claim event, a business disruption occurs, and the impact ripples inside your entire business model. The negative impacts show up in lost productivity, strategic position, and any brand damage you may incur.
By the way, your insurance carrier DOES NOT pay these indirect costs. YOU pay them from your capital, EBITDA, and margins.
To improve your business results, here are THREE CRITICAL STEPS you should take to ensure you’re not hemorrhaging capital from your financial statement:
- Identify the amount and source of your financial leakage. Most insurance brokers can’t do this, but we are uniquely qualified and trained to analyze your current Risk Control Program to determine if you are being well-served.
- Develop a long-term strategy to mitigate these unwanted costs. We deploy specialty resources designed to lower the severity, frequency, and additional expenses associated with major claims events.
- Measure your progress. Knowing and attacking Financial Leakage is a team effort, and you must keep tabs on the progress. As a client, we’ll provide regular scorecards to show you how your business has been impacted.
These controllable Financial Leakage costs need to be identified, contained, and recaptured as soon as possible to protect your business from unnecessary expenditures.
So, contact us today! As an Analytic Brokerage, we are among the select few insurance brokerages in North America that can help you recapture these expenses. We’ll conduct a complimentary cost assessment of your existing Risk Management Program, measure your Financial Leakage, and show you what you can do about it!
Price Does NOT Equal Cost (Choose Your Broker Wisely)
When making a significant buying decision for your business, do you look at the price tag alone, or do you consider all the additional costs associated with the purchase?
Your insurance program is no different.
While your broker may find you the cheapest policy with a competitive carrier, they're often not taking into consideration a significant amount of additional costs eroding your bottom line.
Remember: Price Does NOT Equal Cost.
For example, a cheap policy doesn't address the additional costs accrued from turnover, business distribution, equipment replacement, reputational damage, etc that accrue from claims.
That’s where we can help.
As an Analytic Broker, we're uniquely qualified to address these bottom line issues with proper risk control and specialized resources. Moreover, we have the capabilities to measure and monitor our performance to provide you with an ROI.
Contact us for a complimentary and comprehensive examination of your cost structure. Without a plan of attack, you’re likely leaving a lot of money on the table.
You may be paying 30 - 50%* more for your Risk Management program than you plugged into your budget and forecasts. Sure, you may have accounted for your program’s premiums and deductibles, but did you add in the Financial Leakage that attacks your profits?
Financial Leakage is your largest uncovered risk and ripples through your organization after a claim. Financial Leakage shows up in lost productivity, reputational damage, and the business disruption that large claims cause. All organizations: large, medium, or small (for-profit or non-profit) suffer from the slow drip of Financial Leakage.
Insurance does not cover these costs. YOUR organization pays them.
Here’s what we’ll do for you:
- We’ll analyze your current Risk Management program and identify areas where Financial Leakage is eroding your financial statement.
- We’ll propose an executable action plan with our specialty resources to “plug the holes” and address your Leakage problem over time.
- We’ll continue to monitor your Financial Leakage and Total Cost of Risk and provide you with an annual scorecard so you can see the results of our efforts on your behalf.
Here’s what you’ll get:
- Improved margins, EBITDA, and additional capital for investment.
- A more accurate representation of your Risk Management Program (and the costs) so you can budget accurately.
- The business intelligence you deserve to strengthen your financial decision-making.
As Analytic Brokers, we have the tools, insight, and analytics to quantify your Financial Leakage. Once we’ve established a comprehensive financial assessment, we’ll help you work toward shoring up these unchecked expenses.
To see what we can do for you, please contact us for a complimentary Financial Leakage Assessment. You might be surprised to see how much profit you’re currently leaving on the table.
In this new economy, it's critical that businesses reduce their frictional costs. To protect your margins, you must uncover the hidden expenses inside your cost structure. Without knowing this information, accurate forecasting is tough to achieve.
One place to look is inside your Risk Control Program. Chances are, your business is absorbing significant Financial Leakage due to claims events. This leakage is the unfunded expenses that are NOT paid by the insurance carrier.
Each time a claim occurs, the Financial Leakage impacts ripples throughout your operation via lost productivity, operational disruption, management interruptions, and more.
Reminder: your insurance carrier DOES NOT pay these unwanted expenses. YOU pay them from your capital, EBITDA, and margins.
To Fortify Your Financial Performance, you must:
- Identify the amount of your Financial Leakage. Most brokers can’t do this, but as Analytic Brokers™, we are uniquely qualified to analyze your current Risk Control program to determine if you are being served properly.
- Develop a long-term strategy to mitigate these unwanted costs. With our data-driven approach, we deploy specialty resources designed to lower the frequency and additional frictional expenses associated with claims events.
- Measure your progress. Knowing and attacking Financial Leakage is a team effort, and you must keep tabs on the progress. As a client, we’ll provide regular scorecards to show you how your business has improved.
As a Certified Analytic Brokerage™, our firm is one of the few in North America able to provide you with quantifiable results during this important process.
We’re financial partners to our clients and work diligently to improve their performance and results.
To see what we can do for you, please contact us for a complimentary assessment of this recapturable Financial Leakage that is eroding your margins.
For years, insurance brokers have been telling you the best way to reduce your costs is through policy changes, deductible options, or new funding mechanisms.
None of these “solutions” gets to the heart of cost control.
They’re all VARIABLES in the cost of the commodity that the marketplace typically determines. When you go this route, you’re chasing the wrong bogey.
Instead, let’s focus on the cost structure that you CAN control. Specifically, it’s time to focus on the Financial Leakage that stems from claims events. These costs are usually a 30% to 60% additional load ABOVE your insurance premiums*.
What can you do to stop your Financial Leakage?
- Measure the areas where it’s occurring inside your cost structure. You need to know where the problem areas are.
- Determine how this Financial Leakage is eroding your profits, margins, EBITDA, and budget surplus (non-profits), so you can budget accurately.
- Work with a broker who understands how to recapture these costs using specialty resources designed to improve your business performance.
As an Analytic Broker™, we’re uniquely qualified to help you achieve these steps. We’ll measure the impact of these exorbitant costs on your financial statement and build a strategy to help you reduce them over time. The end result?
- Improved profits
- Improved EBITDA
- Accurate Budgeting
Let’s get started...
Contact us today for a complimentary Financial Leakage Report™!where we’ll assess your current Financial Leakage and make some recommendations to improve your numbers. We offer the report as part of our complementary consultation, so you have nothing to lose.
All organizations suffer from the negative impact of unchecked Financial Leakage regardless of size (large, medium, or small) or type (for-profit or non-profit.) You incur these hidden expenses when an insurance claim ripples through your organization, resulting in lost productivity, hampered growth, and operational disruption.
In fact, unchecked Financial Leakage is your largest uncovered risk. It’s also a significant unbudgeted drain on your organization’s financial performance. And digging deeper, these costs are NOT covered by insurance carriers… YOUR organization pays them.
While most insurance brokers won’t (or can’t) address your Financial Leakage, our firm is uniquely qualified to pinpoint these critical costs AND develop a plan of action to recapture them.
Here’s how it works:
Step 1: Identifying and quantifying these hidden frictional costs! That’s where we can help. As Analytic Brokers™, we have the tools, insights, and analytics to identify and measure these hidden costs on the road to recapturing them.
Step 2: Recapturing your Financial Leakage. Once we’ve established a comprehensive financial assessment, we’ll help you shore up and recapture those expenses by creating a plan of action. Our team and specialty resources are dedicated to reducing your claim costs and Financial Leakage.
Don’t be under-served by your existing broker. If they’re unable to help you curb this 30%-50% of additional risk financing expense, you need an upgrade. Our firm is dedicated to being a financial partner to our clients with an eye on improvement.
Contact us today for a complimentary Financial Leakage Report! You might be surprised to see how much profit you’re currently leaving on the table and how we can help you regain your footing as the economy continues to evolve.
As businesses grow and adapt in our changing economy, it’s more important than ever to curb the negative impact of Financial Leakage on your financial statement.
All organizations suffer from this problem: large, medium, or small. The negative impact of unbudgeted expenses that arise from insurance claims stifle your productivity, strategic, financial, and operational outcomes.
In many cases, these frictional costs are larger than the cost of the claim itself. Worse still, they erode your profits and hamper your business performance.
Chances are, you’ve never measured these hidden costs that lurk beneath the surface (usually an additional 30% added to your risk management spend). Until recently, it wasn’t possible for a broker to measure them either. But, as a Certified Analytic Brokerage™, powered with exclusive industry analytics and analysis tools, we are uniquely qualified to measure and pinpoint these expenses AND provide you with a plan of action to recapture them.
Best of all, we work from YOUR financial statement to customize a plan to help your organization achieve YOUR business goals.
Let’s get started.
Contact us today for a complimentary consultation! You might be surprised to see how much additional capital you’re currently leaving on the table.
With 2021 approaching and strange financial times on the horizon, astute business operators must budget for the unknown. When the economic impact of this uncertainty hits, do not be surprised when the price of your insurance and risk management program increases significantly. Unfortunately, there is little your broker can do to offset this increase.
Tackle the largest unfunded expense inside your risk management program: Your Financial Leakage. This unbudgeted cost erodes your productivity, margins, and EBITDA results and is not directly tied to the market price of your premiums!
According to industry experts, financial leakage adds 30-50% to your risk management program’s cost structure.* This money leaks off your financial statement every time your organization is disrupted by a claim event.
Here’s the good news: Financial Leakage is controllable with the right expertise, resources, and most importantly, the ability to measure its impact.
As a certified Analytic Brokerage, we will quantify your financial leakage AND provide a plan of action to recapture it to potentially offset the premium increases you face in 2021 and beyond. Imagine the impact on your business results with more funds available to reinvest in the new economy!
Contact us today. We will provide your organization with an in-depth Financial Leakage Report™.
Let’s work together to plan for the unknown.
It is called “The Hard Market,” and if your insurance broker is not talking to you about it now, you will experience its wrath shortly. On top of all the other challenges of 2020, you can expect a SIGNIFICANT increase in your insurance prices on renewal.
Put simply, the cost of your insurance is going up tremendously, while your ability to obtain certain coverages is diminishing. We won’t take the time to explain all the “why’s” today. But, unless you make plans now, you can expect quite an unwelcome surprise shortly.
Here is the good news: There is a way to take much of the pain out of the pricing increase. It requires working with a broker who understands how to negotiate the insurance marketplace AND deliver the necessary resources to reduce your expenses.
Most brokers only address one thing: the price of insurance. Unfortunately, this year’s comparison will likely lead to a negative outcome.
That is not good enough for a smart business person. You can’t stay in the problem. You must find a solution that is lasting and not subject to the winds of the insurance marketplace.
As an Analytic Broker, we will provide you with a complete picture of your current costs. Not just insurance, mind you, but all the additional expenses your business is experiencing. Then, we will provide you with solutions that are within your control with our help.
If you are not currently receiving that help or are only receiving information about your insurance costs, you are being underrepresented. Without better insight, your organization will be a sitting duck to the continued financial ravages of the "Hard Market".
contact our team today. We’ll provide a no-obligation review of your insurance programs and offer deeper insights so you can budget with improved confidence.