3 Steps to Fortify Your Financial Performance

In this new economy, it's critical that businesses reduce their frictional costs. To protect your margins, you must uncover the hidden expenses inside your cost structure. Without knowing this information, accurate forecasting is tough to achieve.

One place to look is inside your Risk Control Program. Chances are, your business is absorbing significant Financial Leakage due to claims events. This leakage is the unfunded expenses that are NOT paid by the insurance carrier.

Each time a claim occurs, the Financial Leakage impacts ripples throughout your operation via lost productivity, operational disruption, management interruptions, and more.

Reminder: your insurance carrier DOES NOT pay these unwanted expenses. YOU pay them from your capital, EBITDA, and margins.

To Fortify Your Financial Performance, you must:

  1. Identify the amount of your Financial Leakage. Most brokers can’t do this, but as Analytic Brokers™, we are uniquely qualified to analyze your current Risk Control program to determine if you are being served properly.
  2. Develop a long-term strategy to mitigate these unwanted costs. With our data-driven approach, we deploy specialty resources designed to lower the frequency and additional frictional expenses associated with claims events.
  3. Measure your progress. Knowing and attacking Financial Leakage is a team effort, and you must keep tabs on the progress. As a client, we’ll provide regular scorecards to show you how your business has improved.

As a Certified Analytic Brokerage™, our firm is one of the few in North America able to provide you with quantifiable results during this important process.

We’re financial partners to our clients and work diligently to improve their performance and results.

To see what we can do for you, please contact us for a complimentary assessment of this recapturable Financial Leakage that is eroding your margins.

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