STERLING INSURANCE GROUP RISK PATH PROCESS

Sterling offers a diagnostic and consultative approach for uncovering and mitigating risk for individuals and businesses. It begins with a curiosity and desire to understand the inner workings of a business, otherwise, it is not possible to adequately perform exposure identification.

Sterling utilizes a variety of techniques to identify, measure, and reduce risk while enhancing an organization’s performance through non-insurance solutions. Each decision about how to manage risk is designed to improve your business’ bottom line.

Our consultative approach includes providing Commercial Insurance, Employee Benefits, and Personal Insurance as well as utilizing other risk mitigation tools and services to increase and protect our clients’ profits.

Risk Path Process

Our proven 5-step process, designed to effectively reduce commercial insurance premium costs will:
Identify exposures, analyze business and industry-specific risks, develop risk strategies, implement specific programs and provide ongoing monitoring of the plan. 

STEP ONE

STEP ONE: Identify Exposures

The first and perhaps most crucial step of effective risk management is identifying exposures. Sterling Insurance Group’s Certified Risk Architects will invest the time to understand every facet of your business in order to help you and your team identify potential risks that may face your business. By evaluating the effectiveness of risk management programs, practices, and resources under real-world conditions, our Risk Path Process assures that your assets receive precisely the right type of protection.

STEP TWO

STEP TWO: Analyze

Our team of Certified Risk Architects and Risk Engineers take a deep, head-first dive into your business to look at all risk factors of your industry and your business.

STEP THREE

STEP THREE: Develop Strategies

Armed with a thorough understanding of your business, including your industry, corporate culture, and operating procedures, the Sterling Risk Team will have the foundation to move beyond insurance, exploring a spectrum of proven alternative strategies to minimize risk and reduce insurance costs.
Investing the time to gain this comprehensive understanding of your business and identify exposures will pay huge dividends, enabling us to precisely tailor strategies to fit the unique needs of your business.

  • Risk Minimization
  • Contractual Transfer of Risk
  • Risk Avoidance Retention of Risk
  • Policies/Procedures and Controls
  • Insurance

STEP FOUR

STEP FOUR: Implement Programs

During the implementation process the Sterling Risk Team will put specially tailored programs and strategies in place designed to protect your assets while reducing insurance costs. Sterling Insurance Group has the resources to design special safety and employee training programs, optimize employee handbooks and HR materials, and review compliance issues, all of which provides strong motivation to underwriters to offer much lower insurance costs on your behalf.

STEP FIVE

STEP FIVE: Ongoing Monitoring & Adjustment

You and your business are dynamic – what works for you today might not work as well tomorrow. That in mind, the Sterling Risk Team will continue to monitor and adjust your risk management programs to ensure a best-in-class risk profile as your business evolves and changes. Fortune 500 companies have full time Chief Risk Officers who work around the clock to reduce risk and lower premium costs. With the Sterling Insurance Group Risk Path Process, our Certified Risk Architects act as your Risk manager; with a comprehensive understanding of your business, ongoing planning, implementation and monitoring, you can have the benefit of Fortune 500-style risk management and increase your profitability.

Risk Path Results

The Risk Path process allows us to appreciate and understand your corporate culture, business operations, policies and procedures, as well as training and orientation initiatives.
We focus on improving your “risk profile” – not selling insurance. 

Involved

and supportive management

Exceptional

safety and risk management culture

Proactive

safety policies, procedures and controls

Focused

training and orientation programs

Improved

claim experience

Risk Path Testimonials

Hear what our clients have to say about the service they receive with us.