Taking control of claims will dramatically help to reduce a client’s total cost of risk. This includes comprehensive claims analysis, safety and risk management programs, etc. Safety management should be a component of your overall risk management program and activities.
Proactively evaluating your company’s unique risk profile and taking steps to address exposures is critical to ensure your business is protected to the fullest extent possible. As claims and litigation expenses are a major contributor to your overall cost of risk and cost of insurance, Sovereign works closely with each client to develop targeted programs and activities to ensure your return on investment. A customized loss control program is essential for businesses to effectively manage insurable and non-insurable risks while realizing their business goals and objectives.