Business Details
31 Years
experience
Expert Risk Management & Insurance Consulting Services
Applied Risk Solutions has been delivering expert risk management and insurance consulting services since 1995. Our team combines decades of industry experience with proven systems to provide tailored solutions that reduce costs and enhance protection for our clients. As an independent firm, we prioritize client needs over commission-driven agendas, offering unbiased advice and strategic guidance. Our senior consultants work directly with organizations to identify risk exposures, optimize coverage, and implement best practices in risk financing.We serve a diverse range of industries, including construction, healthcare, and municipal sectors, ensuring each client receives personalized attention and actionable insights. Our commitment to ethics, innovation, and transparency has helped hundreds of organizations achieve significant savings while improving their risk management frameworks. By focusing on long-term partnerships and continuous learning, we empower clients to navigate complex insurance landscapes with confidence and clarity.
Services
Policy Audits
Exposure Analysis
Program Negotiations
Vendor Selection
Claims Audits
Self-Insurance Studies
Risk Management Reviews
Details
- Year established: 1995
Highlights and features
- We have over 25 years of experience in risk management consulting.
- Our team includes senior consultants with deep industry expertise.
- We operate with full transparency and no hidden fees.
- Our client-first approach eliminates conflicts of interest.
- We guarantee actionable strategies to reduce insurance costs.
Services
Policy Audits
Our policy audits identify gaps and overlaps in insurance coverage by analyzing your organization's unique risks and contractual obligations. We assess the appropriateness of existing policies, ensure alignment with industry best practices, and provide written recommendations to strengthen protection while reducing costs. This service helps clients secure financing and maintain compliance with regulatory requirements.
Exposure Analysis
Through detailed exposure analysis, we evaluate property and casualty risks by conducting staff interviews, inspecting facilities, and reviewing claims history. Our process identifies cost-saving opportunities and improves coverage by aligning risk transfer strategies with your organization's tolerance for risk. This service includes benchmarking against market standards and developing tailored risk financing solutions.
Claims Audits
Our claims audits ensure accuracy in loss reserves and claims handling practices for self-insured organizations. We perform quantitative and qualitative reviews of claims processes, identify cost-saving opportunities, and verify fair representation in retrospective rating calculations. This service helps clients control variable costs and improve the overall efficiency of their risk management programs.
Vendor Selection
We assist in selecting insurance vendors by developing customized RFPs and evaluating proposals based on technical expertise and service quality. Our team leverages industry knowledge to negotiate favorable terms and ensure alignment with client objectives. This service empowers organizations to make informed decisions when choosing brokers, carriers, or claims administrators.
Risk Management Reviews
Our comprehensive risk management reviews evaluate organizational readiness and identify areas for improvement in risk financing strategies. We assess 14 key risk management functions through data analysis and staff interviews, providing prioritized action plans to enhance protection and achieve best practices in risk mitigation.
Questions
What makes Applied Risk Solutions different from insurance brokers?
We are independent consultants who do not sell insurance or earn commissions, ensuring unbiased advice focused solely on client needs.
How do you help clients reduce insurance costs?
By identifying coverage gaps, negotiating with providers, and implementing risk financing strategies tailored to your organization's specific exposures.
What industries do you specialize in?
We serve construction, healthcare, education, financial services, manufacturing, municipalities, and real estate sectors among others.
Can you assist with self-insurance programs?
Yes, we conduct feasibility studies, claims audits, and risk financing analyses to help organizations evaluate and manage self-insurance options.
How do policy audits benefit my organization?
Policy audits ensure your coverage aligns with actual risks, helps secure financing, and maintains compliance with contractual and regulatory requirements.
