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Risk Management

C. R. Vince & Associates employs a Three Step Risk Management Process to evaluate and balance a firm's risk exposures with rewards.

1. Risk identification and evaluation of the professional firm’s current risk management approach.

The starting point for an effective risk management evaluation is assessing the current claims and risk management program. Our team is very experienced in evaluating contracts, insurance policies, past and current claims, claims management procedures, document procedures and document retention policies.

2. Analysis of alternative risk management techniques may include.

Drafting contracts to minimize risk, improvements to loss funding mechanisms, improvements to claims handling procedures, methods to identify potential problem areas and devising proactive responses to claims and potential claims. We develop loss avoidance and loss mitigation strategies.

3. Implementation of carefully selected risk management techniques.

Our consultants provide firms with detailed guidelines and oversight to insure successful implementation of the selected risk management changes, while providing training to employees and assistance with monitoring and improving the firm’s risk management program.