DeBarre Risk Management

The concepts that encompass the practice of risk management have been around since the mid 20^th century. For many years the commonly held belief was to buy plenty of insurance limits and let the insurance companies handle the problems. The reality is every organization, regardless of their size or type will faces a broad array of asset, income and personnel risks that can’t be solved by the old “one size fits all” insurance approach used in the past.

Today the landscape has changed. Everything from federal Sarbanes-Oxley regulations, state statutes mandating expanded workers compensation benefits to the newly emerging internet risks are driving a whole new fast paced environment for companies to compete in. Add to that the catastrophic losses due to terrorism and you have real challenges facing corporations about what insurance to buy, when and where to self insure, and how to take charge of your own insurance programs by being proactive rather than reactive in anticipating what losses will occur and how best to treat them.

Most property and casualty insurance policies require the policy holder-you- to share some of the risk, i.e., usually in the form of deductibles or self insured retentions. But do you have impute on how much your claims are settled for or what special coverage language is used to adjust your losses?

Also, the insurance companies, agents and brokers collect premium or commissions so they have a financial interest in making your insurance program profitable for them. So, who is looking out for your interests, and to save you money? 

DeBarre Risk Management is committed to protecting your interests. Our overriding goal is to provide you practical experience for practical results.