Risk Management
RISKS ARE PART OF YOUR BUSINESS. MANAGING THEM IS OURS.
As an organization, you face strategic, operational, financial, and hazard risks that, if not effectively managed, could influence your ability to meet objectives. Risk Management is not merely about avoiding or minimizing risks. Rather, it ensures that opportunities are seized and capitalized on and is a continual process of protecting and enhancing value to the entity and shareholder.
At BFL CANADA, we take pride in our ability to negotiate highly competitive insurance programs that meet the needs of our clients, but that is only one of our risk management services. Our goal is to have a keen understanding of your risk profile to identify how we can help lower the Total Cost of Risk (TCOR) through the many risk management services we provide.
Total Cost of Risk
Price competitiveness is important. The primary aim is to achieve the lowest Total Cost of Risk over time.
Discover your solutions
When dealing with BFL CANADA, you have access to tools and resources to identify and analyze loss exposures and to help you reduce the financial impact that stems from potential risks.
LOSS PREVENTION INSPECTION AND RISK IMPROVEMENT RECOMMENDATIONS
Gives you access to on-site inspections, provides recommendations and shares best practices to prevent or mitigate potential risks to your operations, minimizing interruptions and reducing lost profits.
CLAIMS MODELLING
Helps you to determine loss patterns to guide loss prevention initiatives and to identify optimal retention levels that favorably impact risk transfer pricing.
CONTRACT REVIEWS
Ensures proper risk allocation amongst contracted parties.
RISK-BEARING CAPACITY AND WEIGHTED AVERAGE COST OF CAPITAL (WACC)
Helps you to optimize the equilibrium between risk retention and transfer.
ALTERNATIVE RISK-FINANCING SOLUTIONS
Includes alternative solutions such as captive structures and feasibility studies.
DUE DILIGENCE RISK REVIEWS AND ASSESSMENTS
Helps review and assess your company’s or a potential target’s insurance program(s) and provide recommendations to optimize your insurance programs and realize synergies in coverage and cost.
CUSTOMIZED CLAIMS HANDLING PROTOCOLS
Helps to remove inefficiencies and reduce claims handling fees.
Representatives available across Canada
The BFL CANADA advantage in a competitive market
BFL CANADA has achieved extraordinary growth because of our consistent ability to perform and deliver due to our expertise, professionalism and dedication, as well as our entrepreneurial culture. This culture and work ethic have driven our growth and attracted organizations with which we have established meaningful and mutually beneficial partnerships.
