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Risk and Insurance Management Services Reduce Insurance Cost

Risk and Insurance Management services that help businesses save money and reduce risk are offered by Licata Risk Advisors. At Licata Risk Advisors our goal is to save you money while managing your business risks.

How We Save You Money!
The determination of insurance premiums is more art than science. Insurance companies are driven almost entirely by competition. Plus, the cost of risk is difficult to quantify in the short run. Companies do refer to rating guides, but they are useful only in evaluating identical exposures (which never happens) and only to the extent that the past is a predictor of the future (unreliable at best).

As a result, insurance underwriters may have a rough idea of the price they want to cover an exposure, but given the uncertainty they will try to obtain as much as the market will bear on any particular risk. That's where we our Risk and Insurance Management services come in: We will set up and orchestrate the competitive process for you, using multiple, independent sources so you are assured of the lowest reasonable price.

“Our approach is more comprehensive and more effective. We will reduce the cost of your insurance program.”

We provide our services to these and other locations:
Risk and Insurance Management Boston
Risk and Insurance Management Massachusetts
Risk and Insurance Management MA
Risk and Insurance Management New York
Risk and Insurance Management NY
Risk and Insurance Management New Jersey
Risk and Insurance Management NJ
Risk and Insurance Management Connecticut
Risk and Insurance Management CT

When you hire Licata Risk Advisors as your risk and insurance management advisors, we become your advocate and can do the following for you.

We will work with you to Identify Risk by learning about your organization, its assets, operations and exposures to loss. Next, we'll work with you to identify areas where we can help you Prevent Losses and help you develop safety, security and other loss prevention programs. We will recommend outside specialists where needed.

Some risk is unavoidable, but you don't always have to face it alone. However, in many cases it is possible to Transfer Risk to trading partners, including customers, joint venture partners, subcontractors and others. We will work with you to identify the likely candidates and structure a program where they indemnify you in the event of loss, thereby saving you money.

We will design an insurance program to Finance Loss. This addresses your risks, but excludes unnecessary coverages that inflate your premiums. We'll prepare all the specifications for distribution to brokers and insurers, review and negotiate incoming proposals and help you select the one that's best for you. Then we'll review policies when they are issued to make sure they comply with the proposed terms and conditions. Because we are independent of the insurance industry, we'll even advise you when it is beneficial to consider self-insurance, captives or non-insurance solutions.

About Licata Risk Advisors
President, Frank Licata has over 20 years of experience in the risk management field, including a decade-long engagement with one of the country’s largest independent risk management consulting firms. Some of the past and present honors and designations and positions held by Frank Licata include:

President Massachusetts Society of Licensed Insurance Advisers
Member, Board of Directors, Boston CPCU Society
CPCU (Chartered Property & Casualty Underwriter) Designation
Member Risk & Insurance Management Society (RIMS)
President, Casualty and Property Underwriters Association of Boston
Adjunct Faculty, Finance Department, Babson College, Wellesley, MA
Adjunct Faculty, Finance Department, Bentley College, Waltham, MA
Risk Management Advisor, Electronic Commerce Architecture Program, Massachusetts Institute of Technology
Chair, Technology Committee, MA Society of Licensed Insurance Advisers
Author of numerous articles on risk management and insurance
Editor, The Albert Advisor, a publication of J.H. Albert International Insurance Advisors, Inc., and Workers' Compensation Cost Control, a publication of Quinlan Publishing Co., Boston, MA

The firm and/or its principals are also members of:

The Risk and Insurance Management Society (RIMS)
The CPCU Society
The Greater Boston Chamber of Commerce
The Computer Security Institute
The Association for Corporate Growth
The Environmental Business Council
The Federalist Society
The Pioneer Institute for Public Policy Research

Risk and Insurance Management Services Reduce Insurance Cost
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