Red River Services recently announced the launch of its risk management, loss control and property inspection business in Houston and Dallas, Texas.
The organization is up-and-running, ready to help insurance companies, managing general agencies (MGAs), third party administrators and employee leasing companies manage risks by providing loss control surveys and property inspections in a timely, accurate manner.
Risk management is an ongoing process that identifies risk exposure, or the possibility for loss or injury, measures exposures against loss management capabilities and assesses the ability to control, transfer and finance losses. Simply stated, risk management is the process of identifying and controlling an organization’s losses, focusing on economic threats to the well being of the organization and whether the exposure, or chance of loss, is insurable.
Red River offers risk management services to help companies reduce overall risk and accident costs, provide adequate protection in the event you encounter a risk/accident, integrate stronger safety plans and plan and budget more effectively.
“We’re excited to be bringing a company of this nature to the southwest,” said Larry Wade, general manager of Red River Services. “With so many vital businesses in an area that continues to flourish, we hope to educate people on the benefits of risk management and loss control, and help them plan to better protect their organizations.”
Employee leasing companies are co-employers with the client companies they contract with to provide employee benefits. These benefits almost always include workers compensation insurance. In these cases, employee leasing companies need their own set of eyes and ears to determine what duties those employees of a co-employer actually perform. Knowing this can save money at the time of the agreement as well as audit time if the risk has been misclassified.
“We can provide companies with a variety of services to help them build a foundation of security, including risk analysis, recommendations for loss control and property inspections, and construction as well as replacement cost evaluations,” Wade said. “And for insurance companies and MGAs, we focus on accuracy and timeliness of loss control reports, meet all insurance carrier deadlines and offer the ability to check the status of reports online.”
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