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Locations Near You

1

50 W. Lancaster Ave., Ardmore, PA 19003 610-896-6435

ATM Safety Deposit Boxes Coin Machine  Bank Branch

2

5000 Pennell Road, Aston, PA 19014 610-364-7800

ATM Safety Deposit Boxes  Bank Branch

3

135 East City Ave., Bala Cynwyd, PA 19004 610-664-6293

ATM Safety Deposit Boxes  Bank Branch

4

1436 Lancaster Avenue, Berwyn, PA 19312 610-581-4774

Wealth Office

5

1436 Lancaster Avenue, Berwyn, PA 19312 610-527-1881

Insurance Office

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Find Locations 610-525-1700
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Protect Your Business

Minimize Your Risk Exposure

Schedule a Call

The Risk Management Process

1

Identify and Analyze Exposures to Risk

2

Examine Feasible Risk Management Techniques to Address Exposure

3

Select the Best Risk Management Techniques

4

Implement the Chosen Techniques

5

Monitor the Results

Step 1

Identify and Analyze Exposures to Risk
  • Collect data – detailed survey/audit
  • Analyze frequency and severity of exposure

Step 2

Examine Feasible Risk Management Techniques to Address Exposure
  • Controls
    • Avoidance
    • Prevention
    • Reduction
    • Separation or Diversification
    • Loss Control Transfer
  • Financing
    • Retention
    • Transfer to Commercial Insurer

Step 3

Select the Best Risk Management Techniques
  • Consider the size of the organization
  • Consider the organization’s ability to absorb loss and forecast future losses accurately, and its willingness to accept risk
  • Don’t risk more than you can afford to lose, and don’t spend a lot for a little protection.

Step 4

Implement the Chosen Techniques
  • Establish retention programs
  • Formulate and implement loss control programs
  • Purchase insurance and outside vendor services
    • Prepare specifications
    • Market through all appropriate sources
    • Analyze proposals

Step 5

Monitor the Results
  • Maintain complete policy files
  • Supervise the endorsements
  • Periodically review the status of the program
  • Manage claims
    • Review claim reporting and handling
    • Assist in preparation and filing
    • Monitor serious cases
    • Review reserve analysis
    • Implement return-to-work and managed-care programs
  • Coordinate loss control/prevention services
    • Develop safety policy statements
    • Organize Safety Committee
    • Evaluate safety program
    • Create material handling programs
    • Examine ergonomics
    • Initiate industrial hygiene studies

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BMT Insurance Advisor today!

Latest Insights

As the world works to understand and respond to the COVID-19 pandemic, staying informed is one of the top things a business can do to understand how it might be impacted (or protected). While the situation remains fluid, and we know that every business’s situation is unique, we wanted to share some information on questions we’ve been getting asked a lot lately.

We asked our personal and commercial insurance advisors to share their expertise with us to cut through the varied messages media outlets are sending so you can better understand how (or even if) COVID-19 could impact you.

Once you hire a nanny, or other type of in-home caregiver, you become that person’s employer. As a household employer, there are several human resources-related aspects to manage, and you will need to protect yourself from all the liabilities and risks.