Our Risk Management Approach

Our Risk Management Approach2023-11-20T10:40:59-05:00

Is your organization getting hands-on, proactive risk management from its insurance broker?

While experiencing a loss may result in a financial hit to your business’s bottom line, the repercussions of a claim often extend well beyond monetary ones. A loss can affect your ability to operate, tarnish your company’s reputation, and, in almost every claim situation, impact the people who are vital to your organization. Because of the numerous ways a loss can affect your organization, as your insurance broker, Fred C. Church focuses a great deal of effort on helping you forecast exposures, uncover gaps in your risk management plans, and recommend ways to prevent negative outcomes. Our primary goal is to work collaboratively with you in creating an environment of safety for your people, which includes helping you find ways to reduce claim occurrences and develop short- and long-term risk management strategies.

75%

Percentage of executives who plan to increase spending on risk analytics, detection, and monitoring*

Areas Of Focus

Forming valued relationships with all of our clients

Our personal approach to risk management is truly what sets Fred C. Church apart from our competition. We work in partnership with our clients’ senior staff to identify, assess, and develop plans to mitigate strategic, financial, operational, organizational, and reputational risk.

The customized risk management programs and services we offer to businesses across a variety of industries include:

  • Evaluating your current risk controls, including risk transfer, staff training, and policies and procedures.
  • Collaborating with your insurance carrier to reevaluate the replacement cost value of your buildings.
  • Measuring the effectiveness of your safety committee and periodically joining safety committee meetings.
  • Determining your facilities’ usage best practices.
  • Assessing your fleet safety, including vehicle operation procedures, driver training plans, and driver authorization processes.
  • Analyzing your emergency response and communication plans.
  • Examining your contracts and reviewing your certificates of insurance.
  • Performing hazard assessments and developing methods for evaluating new programs.
  • Developing or evaluating your current incident and near-miss reporting and analysis systems.
  • Maximizing insurance company risk management resources.
  • Hosting risk management forums and executing tabletop exercises with our in-house staff or in conjunction with an industry expert.

More Details

Why partner with Fred C. Church Insurance as your risk resource?

Whether you want a better understanding of an area of vulnerability or recommendations on how to minimize a potential threat to your organization, the Fred C. Church risk management team offers an extraordinary knowledge base you can tap into. As our client, you can contact us whenever you have questions or concerns, or you can access our risk management portal.

In our Risk Management Center, business insurance clients will find:

  • Online and stand-alone training programs.
  • Tools for building a safety and risk management manual.
  • Techniques to help with tracking injuries and with analyzing and reducing incidents.
  • Resources to assist with establishing policies and procedures.
  • Posters, quizzes, and checklists to enrich a health and safety program.
  • Guidance on creating an Injury and Illness Prevention Program (IIPP).
  • And more…

Our Three-Step Risk Management Process

Working hand-in-hand with you to regularly monitor your company’s potential losses.

Identify

We start by mapping out your potential operational and financial risks; how likely each is to happen and how frequently; and what impact they may have on your organization and finances. Then, working together, we take a proactive and strategic approach to help you determine which risks require your attention first.

Assess

Our goal is to understand how you currently deal with your identified risks and if this aligns with our knowledge of best practices for your specific industry. We also review your current insurance policies, and their limits and exclusions, to discover possible gaps or redundancies that may warrant changes to your plan.

Address

Our team puts together a risk management program to address the risks you knew about, but that may not have been adequately covered, and those that we identified for you through this process. We then offer a variety of insurance solutions that will allow you to make decisions that align with your appetite for risk.

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Client Success Stories

Here is how our people have helped other people achieve their goals.

5 stars

I have been working with the Fred C. Church team for over twenty years and the reason I stay there is their commitment to customer service and the relationship that has developed over the years. I trust them to do the best for me personally and my company. I started with them providing our property and casualty insurance and it has progressed to my homeowners insurance and all of our health insurance and benefits.

Frank Granara, President & CEO at General Insulation

Fred C. Church was by far the most productive call I made when our school had a serious fire on campus. Knowing that I was going to be warmly and professionally counseled provided me great confidence as I placed that difficult call on a Saturday in August.

Ed Griffin, Chief Financial Officer at Pomfret School

Fred C. Church does more than say, “It’s the people.” They practice, “It’s the people.” From their unmatched and outstanding customer service and follow-up to their commitment to negotiating the best policies for the fairest price, the people at Fred C. Church exceed our expectations every day.

Linda Lyons, Director, Human Resources at Brockway-Smith Company

We turned to Fred C. Church because we wanted an insurance broker that understood our needs as an employee-owned company. Not only did we get that, but we also got a company that has helped us navigate some complex business issues that we have experienced as a government contractor. We have found the people of Fred C. Church to be a valuable partner in helping us run our business better.

Donald Reynolds, Vice President of Finance and Administration at Charles River Analytics

Fred C. Church is not just an insurance broker that you only see at renewal but a trusted partner that will work alongside us to help us align our insurance program with the organization’s strategic goals. I know when I need them that they will be there for me.

Dawn Barker, Vice President, Human Resources at RiverWoods

We’re committed to doing our very best for you.

We’re committed to doing our very best for you.