Successful businesses track their financial performance very closely. Did you know there is likely additional capital inside your risk management cost structure that can be recaptured and reinvested inside your business?
Here are the facts:
- Unnecessary Financial Leakage exists inside every risk management program, including yours. These are the expenses of claims that are not covered by the insurance carrier. For example, these unfunded costs show up as lost productivity, business disruption, or the costs of hiring and training an employee.
- Financial Leakage is absorbed by your budget, margins, or EBITDA. These controllable expenses ARE NOT separate line items, and they erode your business performance, eat into your profits, and stretch your budget.
- On average, 40% of risk management program costs are due to Financial Leakage.* What could your business do with the recaptured financial waste in your risk management program (up to 40%, on average)?
Here’s the good news:
Your Financial Leakage is controllable! An astute broker, equipped with data and the correct measurement tools, can measure these expenses and put a service plan in action to address the root causes. BUT not all brokers have the same capabilities.
Our firm is uniquely qualified to assess, measure, and build the right plan for your organization to tackle these unwanted expenses. Our client services go well beyond the traditional placements of insurance programs. We partner with our clients, learn their business, and help them improve their results.
Curious to see what we can do for your business? We’re happy to provide you with a no-risk assessment of your current Financial Leakage exposure. Moreover, we’ll discuss specific ways you can recapture these unwanted expenses and improve your business performance!