Risk Management Services
Cool Risk Management Services, a division of Cool Insuring Agency, Inc., provides a wide range of small business insurance services to help you manage and control your exposures to loss. The risk management plan includes, but is not limited to:
- Safety Engineering and Consultation
- Claims Management
- Evaluation of Insurance Coverage and Limits
- Disaster Recovery Plans
- Development of Alternative Risk Financing and Transfer Plans
- Premium Audit Services
Cool Risk Management Services has made a serious commitment to helping our clients evaluate, control and manage risk, and we encourage you to contact us with your risk management needs.
Cool provides safety and loss control assistance as a part of our Risk Management Services division. We feel that helping our clients reduce and control their exposures to loss is imperative.
We can assist our customers in complying with Loss Control Recommendations from their small business insurance carriers. Recommendations can be analyzed, explained and possible solutions offered.
We also consult with you and advise on Federal, State and Local Regulatory matters. This can include, but is not limited to, OSHA Standards, Fire and Life Safety Codes, Product Liability Issues, and Environmental Laws and Standards.
Historically,
many insurance agencies have sold small business insurance policies but have done
little else. Through Cool Risk Management Services, we are dedicated to delivering professional, personalized
risk management plans and programs. We would be happy to provide you with additional information,
tailored to your specific needs.
Cool Risk Management Services provides fully licensed third party Claims Administration for Individual Self-Insureds, Self-Insured Groups and Insurance Carriers. A full range of Claims Administration Services is provided, including 1-800 Telephone Reporting, Medical Cost Containment/Managed Care Services, Fraud Prevention and Litigation Management. A customizable series of reports are available to all clients to enable them to track and analyze their loss data. We are specialists in Workers' Compensation, General Liability and Automobile/No-Fault Claims. Every member of our staff has over eight years experience, and two of our employees have over 30 years experience.
Even if we don't directly handle your claims, our "hands on" experience gives our agency clients the benefit of:
- *Review and negotiation of outstanding claim reserves i.e., the dollar
amount that carriers set aside and actually expect to pay during the life of a claim.
- *Monitoring of all claims including subrogation possibilities, cost containment,
medical cost management, and settlement. The areas that we
concentrate on to contain spiraling claims costs are: pre-employment
screening, alternative duty job-task programs, vocational rehabilitation,
medical bill audits, job task analysis, litigation, management, fee
schedule compliance, use of care managers, utilization review, and
review of physician practice patterns.
- *Complete review and monitoring of all large claims including preparation of
reports for all clients. This includes determining the cause
of loss and integrating our investigation with Loss Control to help
prevent future losses of the same type.
- *Direct contact with carriers regarding coverage concerns and disputes, claims handling procedures, and the assurance of prompt and fair payment and settlement.
Learn for yourself why Cool Risk Management can provide you with the best small business insurance policies for all your risk management needs.