The Globalex Advantage :: Globalex

By: Globalex  09-12-2011
Keywords: Insurance, Risk Management, Insurance Program

Our thorough approach to risk management goes much further than the placement of insurance. Here is an overview of the services we provide as your insurance broker, most of which can be provided at no additional cost to you. Our ultimate goal is to reduce your risk profile which will not only contribute to reducing your insurance cost but most importantly, reduce the likelihood of a loss which could otherwise negatively impact your organization.

Global Experience

Insurance program design

Each client is different and has unique needs. At Globalex, we take great pride in understanding your business and will develop a customized solution that meets or exceeds your requirements.

Risk profile improvement process

With our wealth of underwriting experience and our specialty focus, we understand your business and have the unique ability to implement procedures that will improve your risk profile in the eyes of the insurers, thereby attracting more competitive terms on your insurance program.

Pre-renewal strategy sessions

We like to simplify the insurance renewal process for our clients while at the same time eliminating any element of surprise. We work closely with our clients well in advance of the renewal to develop a strategic plan of action that will achieve the best results.

Contract review process

As part of our value-added services, we will conduct a thorough analysis of your corporate contracts (licensing agreements, employee contracts, leases, etc.) to review the critical clauses and to ensure that your insurance program is in compliance with the contract requirements.

Globalex Expertise

Proprietary corporate exposures analysis

Globalex will invest the time to understand every facet of your business in order to assist your team in identifying the risks your business is exposed to. We will evaluate the effectiveness of current risk management practices and explore a spectrum of alternative strategies to minimize risk and reduce insurance costs.

Insurance program audits

We will thoroughly analyze your present insurance program and determine its level of effectiveness in consideration of your organization’s specific exposures and risk management objectives.

Risk management service plans

Our approach is very consultative. Working in conjunction with our client, we will develop an annual service plan that sets the objectives and service expectations for the coming year and holds us accountable for our service commitments.

Globalex Excellence

Global program design

Proactive quarterly reviews

Your organization faces constant change, and your insurance and risk management program needs to keep up. We schedule regular meetings with you so that we can be proactive and anticipate your needs rather than react to them.

Annual management reports

We will provide a thorough annual report on the state of the market, your premium and claims experience, and our recommendations for going forward.

Claims review process

We will conduct a thorough analysis of your claims history on an ongoing basis in an effort to identify loss trends, develop risk mitigation strategies, and achieve the proper balance between risk retention and risk transfer.

Keywords: contract review, Insurance, Insurance Program, Risk Management,

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