Insurance Program Design & Monitoring

By: Corporate Protection Group  09-12-2011
Keywords: Risk Management, Insurance Program

Insurance programs have been the Achilles heel of many a CFO. Both the design and monitoring of those programs seems to have become a secondary priority to the day-to-day operation of any business. Rarely is the time taken to review an insurance program design and establish a regular monitoring process.

Our role with CPG is to provide the appropriate platform to discuss risks and business strategy and connect them to a comprehensive insurance program design that properly protects the company and helps to drive profit to the bottom line. Generally, annual policies are not adequately examined for any changes that may have occurred to the business during the year. At CPG, we have established a review process that ensures your insurance program is constantly monitored so that any changes to your business will correlate with the coverages you have been provided.

The benefit to the customer of our service and support includes an increase in accountability from both the broker and the insurer to respond to client needs. We also provide clarity around the confusing issues that sometimes accompany insurance policy documentation, and more importantly, coverage explanations and changes that are required to support the business. CPG is an extension of your risk management operation — available at a fraction of the cost — with a very high focus on the future.

Keywords: Insurance Program, Risk Management

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Other products and services from Corporate Protection Group


Client Advisory Services | Corporate Protection Group

Clients are provided with a monitoring and ongoing executive reporting method to ensure that the company's insurance plan remains coordinated with the company's business plan and goals for the future. Our process will assist you in the growth of your company, your team and your profit — creating a top performing business with a focus on its future profitability.


Strategic Priority Session | Corporate Protection Group

You will then receive a Framework Summary that documents insights gained from this session, major corporate issues, opportunities and strengths. Step 1 is critical for setting up a framework that re-positions your insurance for optimum protection and profitability. During our initial face-to-face conversation we will assess your needs and clarify your business priorities.


Services | Corporate Protection Group

Our commitment to each client is to create and preserve a transparent relationship that allows us to anticipate your needs, provide solutions and ultimately, reduce your overall cost of risk. CPG has developed a unique, client oriented approach that unravels the complexities of the insurance procurement process. An established process is in place to ensure your insurance plan is coordinated with your overall business plan.


Risk Identification Session | Corporate Protection Group

We then prioritize them in order of potential consequences to resolve the most significant risks immediately. Full knowledge of all risks is critical to any insurance protection strategy. With a clear framework in place, Step 2 identifies your top risk items.


Critical Safeguard Review | Corporate Protection Group

You also receive a complete Program Report that documents all risk and coverage changes to be implemented. The design of your specific plan takes shape as we identify solutions and recommend coverage changes.