Risk Management Alternatives for Business

Got the “Risky Business” Jitters?

Business Insurance Makes Your More Secure

As an entrepreneur, you face risks every day you do business. Your key employee could come down with a serious illness, while treatable, would devastate them financially if uninsured.

Even acts of nature can throw a wrench into an otherwise smoothly functioning business – causing bodily harm to the most innocent bystanders.

So if you haven't already, it's time to consider whether or not you're prepared for what the future might bring. You need “Insurance Risk Management”.

Insurance Offers Protection & Peace of Mind

"The reason you use insurance to mitigate risk is so you can increase your business," says Jeffrey Meyer, director at Wright State University in Dayton, Ohio. "It's a means by which you can go into more risky markets to get more business, and that makes your business more competitive."

Professional Employer Services

We manage details while you concentrate on business

Does employee administration consume more than 20 percent of your time? If so, you're probably short-changing your business.

Our Professional Employer Services give you the time you need by taking on the bulk of your employee administrative responsibilities. 

We deliver a unified approach to handling your needs, from payroll administration to employee benefit options.

Free your business from time-consuming tasks by allowing us to function as a co-employer. As a professional employer organization (PEO), we partner with you to keep your competitive edge by minimizing distractions. 

Risk Management Solutions

Our integrated suite of Professional Employer Services includes: 

• Human Resources (link below)
• Workers’ Compensation (link below)
• Employee Benefits (link below)
• Pre-Paid Legal Assistance (link below)
• Payroll administration

For more information on these packages, call or Kimberly Kelly today.

Risk Management Plan Option #1: Human Resources  

Good relationships with your employees are key to the way you do business. Too often, logistical HR tasks, such as I-9 verification and employee handbooks, divert your attention from your employees.

We free you to focus on people rather than paperwork. We create a wide range of HR services for your company, including personnel files and employee handbooks. 

Our HR specialists also help you develop a comprehensive approach to initiating and maintaining productive relationships with your employees. We provide advice on selection techniques, compensation policies and training options. We offer various ways to address employee concerns, such as an Employee Assistance Program(EAP) and a toll-free number for questions.

Government regulations holding you back?

We keep tabs on government regulations impacting businesses today. We will free you from the need to decipher complicated regulatory codes.

We make sure you are in compliance with employment laws, including the Americans with Disabilities Act (ADA) and Family and Medical Leave Act(FMLA). 

Human Resource Features:

• Toll-free number for answers to employee questions 
• Employee database retention 
• Updates to existing employee database 
• Mandatory reports 
• Employee handbooks 
• Confidential personnel file maintenance 
• COBRA eligibility, communications tracking 
• Unemployment claims 
• Benefit eligibility tracking 
• Benefit participation changes 
• Correspondence with all benefit carriers 
• 5500 form filing
• New hire and termination processing 

Compliance assistance

• Americans with Disabilities Act (ADA) 
• Equal Employment Opportunity (EEO) 
• Family and Medical Leave Act (FMLA) 
• I-9 verification 
• And Others 

Risk Management Plan Option #2: Workers' Compensation  

Worker's Compensation Insurance

If your business has employees, Worker's Compensation insurance is mandatory.

Plan ahead. This is our approach to Workers' Compensation. Our first priority is to help you provide a safe workplace.

Risk management and loss control services may be beneficial to your business operation. These additional services are typically helpful in holding down claim costs over the long term.

Professional Risk Assessment of Work Site Hazards

Have you had a professional assessment of potential worksite hazards and a consultation on OSHA standards as part of our Loss Control program? Call us to schedule one.

We deliver proven expertise and provide tools to help you identify potential causes of loss within your company, as well as offer solutions that can protect employees. 

Eliminate hassles in claims reporting and get your employees safely back to work with our risk management service that is designed to help.

Our toll-free number and support in handling first report of injury, we will make sure filing goes smoothly.

Experience the advantage of our Workers' Comp plan — where your policy is paid on a pay-period basis, making deposit premiums, premium financing and insurer audits (subject to state-specific requirements) unnecessary. You save time and improve cash flow. 

Loss Control Features:  

•   Loss-control program evaluation and development 
•   Professional loss control work-site hazard assessments 
• OSHA regulatory support and consultation; OSHA materials including standards, checklists and training materials; OSHA log reporting requirements 
•   Loss-prevention strategies applicable to your business 
• Safety training 
• Accident reporting and investigation training and analysis 

Risk Management Features 

• Toll-free number for claim reporting and handling 
• Assistance with first report of injury 
• Claims and filing preparation 
• Establishment of relationship with a medical facility willing to work at managing medical costs and provide the best medical care possible
• Nurse case managers to manage medical costs and pursue early return to work 
•   Fraud investigation 
• Recoveries against a responsible third party 

Risk Management Plan Option #3: Employee Benefits  

To stay competitive and attract quality employees, a business must provide an attractive benefits plan. This plan gives you access to benefits you otherwise couldn't obtain.

Our standard options range from group medical plans to dental care. We also make sure you can provide for your employees' futures with various disability and retirement options. 

Small Business?  Find out more about small business insurance plans .

Medium to Large Business? Find out more about our group insurance plans.

As a company, people are your most valuable assets. Make sure you have the power to protect them affordably. 

Standard benefit options 

• Group medical
• Group dental 
• Group term life 
• Short- and long-term disability 
• Group long term care 
• Health care and dependent care reimbursement 
• Pre-paid legal services 
• 401(k) retirement plans