Owners and managers of large
organizations are challenged by the broad range of
hazards and exposures that are inherent in their
business operations. BWD is staffed with a team of
risk management specialists who have extensive
experience in identifying these risks and designing
comprehensive risk management solutions to treat
Utilizing the full gamut of pre-loss
preventative measures, insurance and other risk
transfer and financing mechanisms, as well as
post-loss claims cost mitigation techniques, BWD
designs the most effective solutions to manage and
control the client's overall cost of risk.
The risk management team has extensive
experience with unique coverages such as employment
practices liability, product contamination, product
recall, pollution, asbestos removal, errors and
omissions, extortion and kidnap and ransom insurance
to help minimize the effects of insurable risks.
Similarly, qualified safety engineers may be sent by
BWD to perform on-site surveys designed to reduce
claims, employee "down-time" and business
interruption exposures. Based on our evaluation of
your situation, we can offer these services as part of
a comprehensive plan to increase safety and security
while decreasing your risk profile.
Another important aspect of BWD's risk management
capabilities involves risk financing and risk transfer
opportunities. After a thorough evaluation of a
company's exposure, our risk management specialists'
recommendations may include:
- Traditional types of commercial
property and casualty insurance
- Retrospective rating plans
- High deductible or other special
- Self-insurance methods or
- The establishment of an 'offshore'
or 'captive' insurer to insure the risks of a
parent company, a group of companies, an
association, or a group of businesses with similar
In addition, BWD will review the insurance
provisions of leases and other written agreements on
behalf of our clients to ascertain the extent of the
transfer of risk.