McGriff considers the whole picture
Regardless of your industry and business focus, McGriff is here to protect your assets and mitigate risks. With a blend of traditional brokerage services and innovative risk management strategies, we design solutions to avoid or reduce the impact of risk so you can maintain consistent and efficient business operations.
Let McGriff put our specialized knowledge to work for you. As a national broker, we pair big broker capabilities with a personalized level of service from start to finish.
Client focused risk solutions
As part of a multi-dimensional, high-performing financial services company, McGriff is uniquely positioned to provide you with the highest level of innovative risk management services. Our proprietary process, Client Focused Risk Solutions®, is a blend of the traditional brokerage-driven services, enterprise risk management and total cost of risk strategies—comprised of five broad phases.
1. Identify risks
Traditional models focus primarily on hazard risks, but experience indicates only 30% of total risk cost lies here. Our strategy is four-fold:
2. Analyze information
Our consultants analyze and quantify risks through analytical and actuarial techniques by reviewing information such as:
- Financial statements
- Historical operations data
- Loss history
3. Develop a strategy
Based on our analysis, we pinpoint opportunities to mitigate future risk, allowing us to recommend various solutions that may include:
- Risk financing options (including captive solutions)
- Workplace safety
- Claim trend analysis and open claim reviews
- M&A consultation and due diligence
- Supply chain risk analysis
4. Implement a plan
A solid strategy leads to a detailed implementation plan with an owner and a timeline. Regular reviews help determine a rational and timely implementation for all strategies.
5. Monitor and modify
Every year, we develop a stewardship report detailing the accomplishments and impact on your total cost of risk. This holistic approach helps you:
- Identify risks
- Develop a strategy to manage those risks
- Implement the strategy
- Measure the strategy’s results
Insurance products and services offered through McGriff Insurance Services, Inc., a subsidiary of Truist Insurance Holdings, Inc., are not a deposit, not FDIC insured, not guaranteed by a bank, not insured by any federal government agency and may go down in value.
McGriff Insurance Services, Inc. CA License #0C64544