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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 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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Protect Your Business

Minimize Your Risk Exposure

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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

When running a business, you may be considering certain types of insurance to keep your operations, finances, and employees safe. Things like fire insurance, property damage coverage, and maybe even auto policies for business cars may first come to mind. But have you considered kidnap and ransom coverage?

The market for supply chain management has reached across the globe, and as relationships between nations continue to grow in terms of trade and commerce, few supply chains can exist within one country or part of the world. With international trading of goods and resources comes issues related to compliance and insurance, and supply chain companies need to understand where they stand.

Whether it is a slip, a fall or a trip, there’s only so much that can be done to prevent liability risks from occurring at your business. These issues can happen at any time and sideline customers or employees who take a nasty spill on your premises. Not every slip and fall case will lead to legal issues necessarily, but you can never be too sure of what kinds of problems will come up in the near future. If a valid claim is made, filed, and settled against your company, it can be hard to navigate and draining to your overall business.