Risk management and risk transfer, working together

Risk management and insurance can work best when they're managed together. Yet most businesses treat them as two separate conversations.

At Clear, they aren't.

Clear Risk Management and Clear Insurance Management sit within the same group, and our consultants and brokers work together throughout the year. That means your insurance is supported by a detailed understanding of your business, your risks and the controls you have in place. The result is better informed insurance negotiations, stronger support when claims arise, and one coordinated team working to support your best interests.

Many organisations manage their health and safety, HR and environmental obligations with one set of advisers, while placing their insurance with another. The two may rarely talk to each other.

At renewal, the broker negotiates without the benefit of knowing what's actually happening on the ground. When a claim arises, the insurer's team steps in without any prior knowledge of the business. The client can end up in the middle, managing two relationships, repeating information and rarely getting the full benefit of either.

Our approach is different.

On an ongoing basis, your CRM consultants and your CIM broking team are in regular conversation about your risk profile. By the time your renewal approaches, your broker isn't relying solely on last year's figures and a completed proposal form.

They have access to current audit results, monitoring data, risk assessment records, fire safety documentation and the professional judgement of qualified consultants who know your business inside out.

That gives your broker something most of their counterparts simply don't have. Technical evidence of the quality of your risk management, which they can use to present your business to underwriters in the strongest possible light and negotiate terms that properly reflect the investment you've made in getting things right.

The same joined-up approach works in your favour when something goes wrong.

Your CRM consultants can attend loss assessor meetings, assist with accident investigations, help prepare the documentary evidence your claim depends on and provide the technical expertise that supports your position throughout the process.

You're not navigating a claim with an insurer's team who may have never met you. You have your own people, who already know your business, alongside you when you need them most.

Instead of managing separate advisers and joining the dots yourself, you have one coordinated team sharing knowledge and working towards the same objective.

This is what a genuinely integrated approach to risk management and risk transfer looks like. It gives your broker better information, can strengthen your position when dealing with insurers and provides continuity before, during and after a claim.

It's a practical way of protecting your business more effectively, and it's something the Clear Group can offer.