Risk Management

Large organizations require a sophisticated “team approach” from their insurance brokerage partner in order to address their full spectrum of risks, which are often both complex and dynamic. WGA’s Risk Management Practice Group (RMPG) draws together experts from within WGA to offer companies traditional, as well as non-traditional, insurance solutions to the myriad risks which confront them and which they must manage. Areas in which WGA’s RMPG provides solutions, implementation, and ongoing service and support include:

  • Property
  • Construction Wrap-Ups
  • Management Liability (D&O/EPL/Fiduciary)
  • Marine
  • International
  • Environmental
  • Alternative Risk Transfer (Captives)
  • Mergers & Acquisitions
  • General Liability/Products Liability
  • Professional/Errors & Omissions Liability
  • Umbrella/Excess Liability
  • Worker’s Compensation
  • Fleets of Vehicles

The mission of RMPG is to work closely with the risk management teams of large corporations and non-profit organizations in managing their risk of loss – be it to their reputation, personnel, financial health, or any other area – by utilizing risk retention, alternative risk transfer (including captives and other global risk financing strategies), and traditional risk transfer mechanisms (including the purchase of insurance, loss control, loss prevention and claims management services) in order to minimize a client’s total cost of risk.

WGA’s approach is to provide you with a team of experts to help guide you through the perils of operating your business; whether local, national, or international in scope. Each team is customized for the account, depending upon the needs of the client. RMPG creates a risk profile for each organization to determine specific areas that need to be addressed. A team is then assembled based on these needs.

In addition to traditional brokerage services, WGA’s RMPG brings complete risk retention analysis capabilities thereby allowing a client to determine ideal risk retention points by area of risk. Our alternative risk transfer experts can help a client to determine whether vehicles such as captives, risk retention groups or other forms of self-insurance can reduce the overall cost of risk. We perform balance sheet analysis including studies of the uses of litigation buyout and finite risk tools that can improve a client’s financial condition, or facilitate your next acquisition.

Our loss control and loss prevention capability will provide a client with a complete set of services ranging from OSHA surveys, Noise Control studies, Fleet Safety, Ergonomic Studies, Safe Lifting Programs, Right to Know/Hazard Communications, Pre-Employment Screening Programs and complete Risk Management Audits.

WGA’s claims management team can provide complete claims oversight for organizations that manage hundreds or even thousands of claims each year. We are able to implement claims audits, manage experience modification disputes and provide medical and legal claims cost control protocols. Our staff attorneys provide claims oversight and assistance for large and/or complex third-party cases such as securities class-action lawsuits, product liability litigation, environmental clean-up, and employment practice related litigation.

For additional information about our Risk Management Practice, please contact Rich Leavitt at our Corporate Headquarters at 617-646-0283 or via email at rleavitt@WGAins.com.