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Phoenix Partners, Inc. |
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Phoenix Partners, Inc. |
Three Phases of Risk Management To succeed in business it is essential that one manage risk and to be properly prepared for the unforeseen. Although there are many resources available to cover your own personal and unique risk factors the task of locating these sources can be very time consuming. Then, the monetary cost of this coverage can be astronomical, and in many cases can cost more than it really needs to.
This is precisely why since 1989, many businesses and organizations have turned to Phoenix Partners. As your personal insurance counsel Thomas Najar of Phoenix Partners can save you the time of calculating your own unique risk factors, locating the coverage for these risks and most importantly, making certain that the coverage sources prescribed are the best value for your specific needs.
Phoenix Partners Insurance Counsel Services are available in a three phase system that contains different sub-steps.
Phase I. Risk identification to determine loss exposure. |
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1. Inventory - through meetings with personnel, financial reviews, and facility inspection.2. Risk Evaluation - The inventory of risk exposures must be analyzed with respect to the financial risk presented.3. Recommendations - A determinations made as to whether possibilities exist to significantly reduce risk exposures, or even eliminate some.4. Review of Existing Contracts - Phoenix Partners also evaluates the services provided by present carriers and their financial stability.5. With the above steps completed, recommendations of any changes can be made. |
Phase II. Specifications/Bid Evaluations |
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1. Specifications of bid preparation to assure that all bidders will follow the same specifications.2. Coordinate markets and brokers to allow every broker a fair opportunity to present the best possible quotation.3. Evaluation of each proposal to assure they meet specs.4. Final review of policies after confirmation. |
Phase III. Continuing Counsel |
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1. Phoenix Partners offers continuing service to the business or organization. Through periodic meetings and facility inspections the client can be assured that their risk packages remain current to their needs.2. When a claim needs to be made, Phoenix Partners is there to assist in expediting the claim and to answer any questions agents may have.3. As your insurance partner, Phoenix Partners remains abreast of any changes in current legislation and regulations, which may affect your overall risk program and can recommend any change in the program such changes may dictate. |
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