Risk Management - Eliminate, Prevent and Mitigate
CONFINET consultants provide risk management
services to all types of businesses.
What is Risk Management? There are many ways to express it, however,
simply put it is the practice of protecting your organization from financial
harm by identifying, analyzing and controlling risk at the lowest possible
cost. Our services always begin with risk identification and a carefully thought
out strategy for eliminating risk as much as possible. Some risks are
very challenging to eliminate or altogether impossible; and require an
aggressive prevention strategy backed by a well managed mitigation program.
Confinet consultants will create such a strategy and program, leading to
dramatically lower claim costs and
CONFINET consultants work seamlessly with your
finance, legal, real estate, construction, risk management and human resources staff.
We deliver solutions which are integrated into the core of your business and
are transparent as much as possible. While safety always needs
to be top of mind with your management; implementation needs to take place
at the foundation of your business. That begins with an employee training
program that includes safety awareness based upon the perils that drive your
business. When our risk management foundation is laid in place
your employees will not be able to extract the safety measures implemented
because it will be ubiquitous throughout your operating practices.
CONFINET consultants deliver solid risk management advice including
a clear crisis management strategy. Managing a crisis can be expensive
and is often embarrassing for a corporation. Preparing a clear
communication strategy for both the public and your employees cannot be
always conduct a comprehensive analysis of your entire claims management
process and procedures; including internal reserving practices set by your
financial team. We review all
service provider agreements and measure the benefits against cost. We help you set the standard by which your
medical cost containment program is monitored. We will recommend settlement
ranges, denials, case reserving and benchmark these to industry standards. A Confinet consultant will
interact with your adjusters and defense counsel throughout the course of our relationship.
We will keep expenses down by always understanding your business and making
sure that once a claim occurs the facts are documented immediately so that
claims can be closed quickly without expensive litigation.
focus on Litigation Analysis. Analyzing and managing how legal
services are delivered to our client in the defense of claims is critical to
a successful outcome. Controlling costs requires cooperation amongst client
personnel, claims adjusting staff and defense counsel. While most
claims are legitimate, many are not. If the facts of the claim come
out early and are managed throughout the claim process, the result will be
Defense counsel must be
educated on the business practices of the client early on in any
relationship. Many claims are blown out when claims
adjusters and defense counsel are advised in a timely manner on the changes
in a clients operational procedures. Client employees need to be educated on
the importance of communicating the facts early, clearly and openly with
CONFINET consultants will help
you prepare and submit complex business
interruption claims to your insurance company facing a major loss.
CONFINET consultants work closely with your human resource
department on employment practice compliance with Federal
and State ADA, FLSA, FMLA, Tips and Wages, Pool Violations and Overtime Wage
Disputes. Our consultants have managed class action lawsuits from
initial discovery through final resolution. We have saved our
clients millions including prevention of bankruptcy.
CONFINET consultants know that safety incentive programs can be an
effective tool in accident prevention. At the same time, an incentive
program is not a replacement for a well written and communicated risk and
CONFINET consultants conduct mergers and acquisitions due diligence
reviews, which entail a systematic
review of the historical exposures of the acquired entities; providing our
recommendations on whether proper coverage has been in place.
CONFINET consultants remain involved even
after an assignment has concluded. Measuring a programs success is
the hallmark of our service. We must know when your financial and
operational objectives have been achieved. We will assist you on
an ongoing basis if that is what it takes. Confinet consultants are not paid by your insurance companies thereby
ensuring that our recommendations are unbiased. There is virtually no task we are unwilling to tackle.