DohertyRisk develops plans for companies that require professional risk management services. Our services can encompass a company's entire company risk management function (e.g., insurance policy management, claims and loss control) or just part of the risk management function (policy renewals for the property insurance program). Our clients choose from predefined service options or request and design their own services based on their needs.

Policies and Procedures

DohertyRisk works with our client's existing insurers and brokers to define and improve processes within the insurance programs. These include improving Policies and Procedures Manuals to address team members (insured, broker and insurer), team goals and objectives, policy administration, payment, claims handling, mailing list/contacts and more. This document will be agreed to and signed by all parties (insured, broker and insurer), and will define the risk management process, and help to hold all parties accountable to the process.

Insurance Policies

DohertyRisk manages insurance policies for our clients, including:

1. Filing/storage
2. Endorsements
3. Binders
4. Certificates of insurance
5. Payments
6. Allocations
7. Insurable Values
8. Request written explanation of declinations of coverage
9. Request statement from broker that coverage was pursuant to the terms and conditions under which it was purchased

Insurance Claims Management/Administration

DohertyRisk manages our clients' insurance claims with the goal of recovering losses as soon after a loss as possible. At no time will coverage disputes or denials be discussed outside DohertyRisk and its client contact. DohertyRisk will gather claim information to be submitted to the broker/insurer. The policy will be reviewed for each claim prior to submission to ensure the appropriate claims are included in the claim submission.

Claims and Marketing IT

Client Facing solutions expertise, focusing on claims and exposures, and identifying claim trends. Data analysis & management experience, with a professional marketing and sales approach, are some of our other strengths.  Providing sales executives, along with marketing representatives, with a "tool-kit" of collateral from a brochure or folder, along with newsletters, white papers and developing RFPs for prospective projects and assignments.  We also have CAT modeling experience along with CRM and AMS expertise. 

Risk Engineering/Loss Control

DohertyRisk manages our client's risk engineering/loss control in order to reduce the risk of loss, thereby improving the client's insurability. Insurers will be more willing to provide greater limits of insurance and provide it at a lower cost. Showing the insurer that you are willing to reduce your risks and that you are completing risk-reducing recommendations is favorable from the perspective of insurers. Risk engineering/loss control reports from insurers need to be responded to (even if no action is taken).  

Contract Review

DohertyRisk will review insurance and indemnity terms within contracts/lease agreements to confirm that agreed upon insurance terms are complied with. We prefer to review such terms prior to a client agreeing to them. DohertyRisk can suggest insurance terms favorable to a client, prior to entering into agreements.

Workers' Compensation

Workers' compensation insurance cost is the result of the work related injury, in terms of severity and frequency, and the consequential medical and lost time costs. The high frequency of claims, in turn, impacts the experience modification factor, as well.  Our professional workers’ compensation associates specialize in controlling these costs.

Benefits

• Health Insurance
• Dental/Vision Insurance
• Life Insurance
• Accidental Death and Dismemberment Insurance
• Dependant Life Insurance
• Sick Leave Benefits
• Short Term Disability
• Long Term Care Insurance
• Retirement Planning
• Wealth Management Strategies
• Stocks
• Bonds
• Mutual Funds
• Annuities