Archive for 'Risk and Insurance'

Risk & Insurance Blogging: Announcing the New ClearRisk Blog!

There have been many exciting things happening at ClearRisk in the past few months! The ClearRisk team has been working hard to better serve our customers. We have made a new release for our product ClearRisk Manager, making the risk management application easier to use than ever. Our development team has made a great effort in ensuring the product is more intuitive and user-friendly. Full details on the ClearRisk Manager Summer Release 3.1 can be found here. Risk Management Solutions

Along with these new changes, I am pleased to announce that ClearRisk has officially launched a new website! ClearRisk.com now has improved navigation, easily accessible risk management resources, and it features our newest application, an automated underwriting solution, ClearRisk Underwriter.

In order to make the move for our website, we also had to move our blog’s location.  Our risk management blog will no longer be found at the URL blog.clearrisk.com, and instead will be located here: http://www.clearrisk.com/risk-management-blog/

I am grateful to have so many loyal subscribers, and I ask that you continue to  follow our blog at its new location! All current subscribers will need to resubscribe at the blog’s new location.

All of my previous blog posts have been moved to the new blog, so that you can still check back on old favorites. In the next few weeks, I will shut down this blog and it will redirect to the new one. Please subscribe to ClearRisk’s new blog to continue receiving risk management and insurance industry updates, tips, articles and insights. You can read my new blog post here: Adapt or Die: 3 Critical Insurance Technology Trends. 

See you at the new location!

Sincerely,

Craig Rowe

Click here to go to the new blog.

 

25 Quick Tips To Get Started With Your Risk Management Planning (Part 4/5)

This is the fourth installment of five blog posts that summarize the 25 quick tips from my eBook, “Insurance Premiums Are Killing My Business.”  This risk management ebook is a great start for small to medium-sized business owners that are curious about starting the risk management planning process.

Click here if you want to review risk management tips 1 – 5  before going on.

Click here to read risk management tips 6 – 10.  

Or, click here to read risk management quick tips 11 – 15.

The tips below have been written with small to medium-sized businesses in mind, although the same principles should be employed by very large businesses.

16. Implement and follow formal written policies.

Policies and procedures are a very effective way to defend against claims and lawsuits. Policies must be strictly followed to be effective. Risk Management eBook


Read more

Using Risk Management to Open Doors, Win, and Retain Business!

With changes in consumer behavior and challenging economic conditions, sales professionals everywhere are struggling to differentiate themselves and grow their business.  The insurance industry is becoming increasingly competitive, making it very difficult for brokers to win and retain clients.  Brokers often struggle to get their foot in the door with new prospects.  In this environment, brokers need to be innovative to stand out.


Read more

25 Quick Tips To Get Started With Your Risk Management Planning (Part 3/5)

This is the third installment of five blog posts that summarize the 25 quick tips from my eBook, “Insurance Premiums Are Killing My Business.”  This risk management ebook is a great start for small to medium-sized business owners that are curious about starting the risk management planning process.

The tips below have been written with small to medium-sized businesses in mind, although the same principles should be employed by very large businesses.

Risk Management eBook

Click here if you want to review risk management tips 1 – 5  before going on.

Click here to read risk management tips 6 – 10. 


Risk Management Tips 11 – 15

11. Use your broker to help you with the claim process.

Your broker can give you advice on the claims process, act as an advocate for you with your insurance company, and help you compile claim documentation.

Read more

10 Ways Risk Management Will Recession-Proof Your Brokerage

We aren’t technically in a recession (that we know of), but it’s not looking good!  Troubled economic times make your clients and prospects price shop; that increased competition is the icing on the cake for brokers who are also struggling with the economy.  A slight change in approach can go a long way towards growing brokerage revenues and weathering the economic storm. Risk Management - Insurance Brokerage

I once gave a presentation to a large regional brokerage on risk management, how they could use it to help them attract and retain clients and, of course, make more money.  Everyone in that room nodded at the right time, laughed at the right time, and said all the right things – my presentation seemed to be on track.  However, when I was done, a senior partner in the room piped up and said, “That all sounds really good, but we make money by selling insurance policies.”  That was back in 2004 – things have changed since then.

Now, risk management is a value-added service that is often considered essential by insureds. I’ve discussed this topic in many posts before, including the post Using Risk Management to Increase Brokerage Revenue.

As a trusted advisor, your clients already expect you to help them manage risk.  In fact, many of your insureds, if asked, would tell you that their insurance broker is their risk manager.  You already have their confidence in dealing with risk, so why not take it to the next level?

10 Ways Risk Management Will Increase Brokerage Revenue:

1. Satisfy your customers

Make no mistake, in these especially trying times, risk management has become the single most critical issue in the mindset of your target customer – if you don’t offer your customers a more robust and personalized service, by finding ways to minimize the cost of risk, they will find a broker who does.


Read more

The 6 Biggest Risks Concerning Small Businesses

 

SMB RiskI recently participated in an interview on the risks faced by SMBs with Pam Clark of Business Insurance.   Matthew Brodsky of Risk & Insurance Magazine, Jon L. Gelman an expert on worker’s compensation and I set out to give small business owners some useful advice on their most pressing risk management issues. Go here to view the full interview.

Matthew and Jon provided some excellent answers, so the entire article is well worth reading! For the benefit of our readers, I want to reiterate 6 important points we covered.

Early Risks to Address


Read more

How to Reduce Social Media Risk in Your Company: A LinkedIn Discussion

The risk involved with social media is not a new topic. In fact, we talked about it last year in our blog post Social Media Policy: Avoiding a Death-Blow! This is still a relevant topic; with the popularity of social media ever increasing, businesses must prepare for the risks that come along with the opportunities that social media provides.
Social Media Risk Management

I asked the LinkedIn community “How do you handle the risk of social media in your company?” With such a great response, I had to share the discussion. Here’s what several LinkedIn professionals had to say.


Read more

Risk Management is a Team Sport

Risk Management TeamworkThis week, ClearRisk is proud to present a guest blog post by Allan R. Morton, Jr. CIC, CRM.

Allan is the managing partner of Morton Insurance & Risk Management.  15 years in the industry is marked by his passion to drop money to their bottom line and increase negotiating leverage with insurers via proactive risk management.  He is a Certified Insurance Counselor as well as Certified Risk Manager.

One of the biggest challenges I have is how to keep a prospective client’s eyes from glazing over when the phrase “Risk Management” is mentioned.  It’s almost like those two words are part of a magical incantation which puts many in upper management into trance-like states.  It confounds me. There is something utterly unglamorous about it I suspect.  It’s not exciting, flashy, or as sexy as landing a big deal.


Read more

ClearRisk Social Media Giveaway: Win an iPad 2!

ClearRisk has received great support from the social media world. From Twitter and Facebook to the risk management blog and LinkedIn, ClearRisk has gathered thousands of active and devoted followers.

ClearRisk Social Media Contest Details

In recognition of their overwhelming support, the ClearRisk team is giving back to their social media followers with the first ClearRisk Giveaway; one lucky follower, chosen from our various social media channels, will be the winner of a new iPad 2!

To submit an entry via our blog, please answer the following question in the comments section below:

 

What does risk management mean to you?


Read more

Best of @ClearRisk – Our Risk Management Twitter Feed (Part 2)

This is the second of a series of posts entitled Best of @ClearRisk – Our Risk Management Twitter Feed. Click to read our previous risk management Twitter feed post.

With a busy and constantly updating Twitter feed, it is sometimes easy to miss great risk management content. Last month, we noted some of the most popular blog posts and articles that have been shared on the @ClearRisk twitter feed.  Risk Management Twitter Feed

First, we tweeted about The 10 Best Industry Blogs, a post from Risk Management Monitor. This was our top clicked-on link for risk management news; the post acknowledges 10 of the best blogs in the risk management and insurance industry. We would also like to thank Risk Management Magazine for recognizing our blog amongst these great industry resources. Risk Management Monitor provides daily stories, commentary, interviews, and more, all related to the risk management and insurance industry.  Be sure to visit Risk Management Monitor and read the blogs mentioned within the full post!


Read more

© 2011 ClearRisk Inc. All Rights Reserved.