A risk management program should reflect your risk tolerance and your exposures while meeting company financial requirements. Finding the right balance between cost and risk transfer requires both quantitative and qualitative analysis. Your risk tolerance, industry regulations, and financial position are the three key variables that impact the amount of coverage you need and how that coverage is purchased.
Let’s Talk About Risk Management
In this dynamic business environment, you feel a constant pressure to deploy the latest technologies, explore new markets, and integrate best practices to drive efficiency—but what about a risk management plan?
In this dynamic business environment, you feel a constant pressure to deploy the latest technologies, explore new markets, and integrate best practices to drive efficiency—but what about a risk management plan? As your organization grows and changes, so does its exposure to losses. The risk management program you adopted even a couple of years ago could be irrelevant, or at least require editing to ensure financial protection.
We know, it can be easy to overlook possible coverage gaps when you’re focused on running your organization. Evolving government regulations and insurance industry practice add another layer of complexity. Rest assured, The Fedeli Group will help you identify and measure risk, then design a customized risk management program that addresses your specific needs.
Forget the 50-Page Report. While our Risk Management practice group certainly provides a detailed assessment of your risk exposures and recommendations for protecting your organization, we’re more focused on building a relationship with you that involves ongoing communication and consultation. That way, we can provide relevant ideas and solutions as your business evolves. So, we listen—and we ask the tough questions. We want to know your business inside and out so we can direct you to the right insurance products and create tailored coverages when needed. We know those large written reports look comprehensive. But we advise you to look beyond the report when seeking a partner who will design your risk management plan. What matters most is having an adviser who is on your side and can anticipate possible liabilities so you can be proactive.
Balancing Cost and Risk Transfer. What risk transfer does your business need today—and what about five years from now, and well into the future? We take a qualitative and quantitative approach to risk management and create informed risk transfer plans that include:
Why Does Risk Tolerance Matter? For one, we know it can change over time and it fluctuates based on what’s happening in your industry and business. (Can you afford higher retentions? Can you assume more risk?) It’s important for us to take your pulse periodically to determine if a risk management plan should be updated. Second, risk tolerance can impact cost, and we always work to balance cost and risk transfer. Your risk tolerance, financial position and industry regulations are the three key variables that play into the amount of coverage you need and how that coverage is purchased.
Tailoring a Risk Management Program. We’re all different—we run different businesses in a range of industries facing a diverse set of issues that can change daily. A risk management program should reflect your risk tolerance and exposures while respecting your financial tolerance. In other words, the risk management program has to speak to your bank account and your gut. Once we understand your risk tolerance, we can design and implement a tailored program that includes:
The Fedeli Group Difference. No one knows your business better than you do. And no one can understand the risks you face in a dynamic economy like you can. You live the risk every day. That’s why we focus on listening and understanding your exposures, risk tolerance, financial position and what you expect from a risk management program. All of this happens during a deep-dive discovery process—and continues as we act as a concerned adviser, focused on protecting your business from risk. We leverage our longstanding relationships with leading insurance underwriters to benefit your organization. Our extensive risk management capabilities make The Fedeli Group the only adviser you’ll need to protect your business from losses.
Comprehensive risk management and insurance coverage for the construction industry.
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Expertise in navigating risk and exposures in today’s global manufacturing market.
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Protecting your portfolio so you can expand and grow your real estate investments.
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Supporting you with comprehensive insurance coverage so you can focus on what’s important.
Learn MoreClaims Management
In the event of a loss, will your coverage meet expectations? Unfortunately, many organizations don’t find out until they are filing a claim and realize that resolution isn’t all that easy. At The Fedeli Group, we emphasize thorough planning and placement in order to deliver seamless, undisputed claims payment. And we’re realists. So, we know that gray areas will emerge and a plan isn’t all you need to ensure payment. With polite, assertive negotiation and longtime insurance industry relationships, The Fedeli Group delivers results for clients by creating customized specialty risk insurance programs.
Loss Control
Do you have loss control service in place? (Do you know the risk of not having proper service for your coverage?) The Fedeli Group works closely with clients to ensure proactive insurance provider loss control with specialty risk management. We’re involved in the process—from facilitating engagement to participating in loss control inspections.
Insurance Placement
Do you require coverage in a niche area, or do you experience specific challenges associated with property, liability, workers’ compensation or executive risk? Specialty markets are often required to gain the appropriate coverage—and you could pay handsomely for that coverage. The Fedeli Group does premium volume in specific niches so we can secure attractive terms and pricing for your specialty risk management plan.
Specialty practice areas:
Alternative Risk Transfer
Interested in exploring alternative risk transfer options? Everyone has a different level of risk tolerance, which is why it’s important to regularly assess your comfort level with risk and edit your risk management program accordingly. There are options that could benefit your budget and coverage—from higher retentions and deductibles to self-insuring certain exposures. Our goal is to strike a balance between your risk appetite and financial commitment.
Alternative risk transfer options:
International
Gain on-the-ground expertise in foreign locations through The Fedeli Group’s partnership with UnisonBrokers. We provide coverage placement, translation services, knowledge of customary practices and guidance on country-specific regulations.
“They’ve assisted our growth into new buildings and new markets that carry new risks. With a steadily increasing number of employees and the rising health care costs that accompany that, The Fedeli Group allows us to offer employees the best plan options for their needs. There will always be challenges, but how you respond makes all the difference.”
“The Fedeli Group provides the deep industry experience that we value and expect. They helped us maintain our employee benefits during very tough times. Because their family values align perfectly with ours, they’re truly our partner in helping us take care of our employees. We speak the same language. They know what my values are, so they don’t work against them. That creates long-term relationships and allows me to take care of my employees.”
“Proper insurance coverage is a top concern for Sky Quest employees, our aircraft owners, and our charter clients. We have 100 percent confidence in The Fedeli Group’s ability to oversee, recommend and manage our policies.”
“With help from The Fedeli Group, Skylift has strengthened its employee benefits plan with integrated solutions for health care coverage, while improving the company’s regulatory compliance. We certainly made a move up when we came to The Fedeli Group. Our insurance programs definitely improved a lot, and we feel way more secure with the coverage we have now.”
Our mission is to help clients protect assets and enhance employee outcomes through the delivery of exceptional risk management and employee benefit consulting services and products.
