Risk Management

LJ Stein takes a pro-active approach to helping our clients reduce their overall Total Cost of Risk. We provide analysis on current program structures, deductible/retention levels, rating & classifications, and examining future liabilities.

The cost of your risk management strategy doesn’t just entail your insurance premiums. We examine the following:

  • Insurance costs
  • Retained losses
  • Risk management departmental costs
  • Outside service fees
  • Indirect costs

By looking at the overall picture, we can give you an accurate reflection of what the requirements are on a yearly basis to manage the overall risk of the corporation.

We also work with our clients on the following:

  • Audit Preparation for US General Liability & Workers Compensation Audits
  • Audit Recovery Programs
  • Policy & Procedure Reviews
  • Facilitation of Equipment Appraisals
  • Location Inspections
  • Contract Guidance
  • M.S.A Reviews
  • Driver Hiring Programs
  • Deductible Analysis
  • Claims Projections
  • Return to Work Programs
  • Directors & Officers Liability exposure review
  • Gap Analysis between Canadian & US Insurance Review

Generally for our clients, the largest driver of cost in their insurance program is their US Workers Compensation and US General Liability Policies. We work with our clients continually on job/employee classifications, included/excluded remuneration, and payroll segregation. As the driver of their overall insurance cost, we ensure that our clients are not over paying for these policies by simple oversights.