Risk Management

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:

  • Operational
  • Strategic
  • Financial
  • Hazard

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

Risk management solutions

Analytic Solutions

Make informed business decisions with the help of our dedicated team of analysts.

Captive Solutions

When you need to explore alternative risk financing strategies, we'll guide you through the options.

Claim Consulting Solutions

Proactive claims management solutions designed to mitigate claim costs and reduce your total cost of risk.

Client Education

As part of our comprehensive service commitment, we offer a variety of educational offerings on a number of important topics.

Risk Control Solutions

Wide-ranging client-focused services tailored to your business.

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Business insights & resources

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Client Advisory: SolarWinds Update  (Industry News)

COVID 19 FAQ  (Article)

Let's connect.

Our approach begins with understanding your needs and goals, so please contact us with any questions to get started.   

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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