Risk Management
Reducing exposures and the resulting incidents produce a multitude of benefits: improved morale, increased productivity, reduced insurance and legal costs and better treatment in the marketplace. Recognizing that, Edwards and Company, alongside its corporate partners, provide loss control, safety consulting, and compliance to its construction clients, to provide them with an even broader range of risk management services for all insurance lines.
Risk Management, Safety, Compliance
- Design & implementation of safety programs
- OSHA & DOT Compliance
- Jobsite Visits to evaluate & improve upon uncontrolled exposures
- Service planning, coordination, and quality control of carrier loss control services
- Post injury management, return to work program development
- Develop & implement comprehensive safety & health programs
We know how crucial it is that everything is monitored and tracked: tools; equipment; man hours; and measurements. And the same holds true for insurance. In response Edwards and Company provides the same treatment for the various facets of your risk management program. All the additional services and resources Edwards and Company provides its construction clients is designed to create transparency between the client, broker and carrier to attain better results. It is our belief that transparency, for better or otherwise, provides our clients with the critical tools, to anticipate changes in the marketplace, its program or operation, to remain competitive in likely the most litigious, complex and dynamic environment in the world.
Claims Management
A neglected or mishandled claim often results in long-term and disastrous effects on a firm’s future premiums and cost of doing business. In response, Edwards and Company takes a multi-faceted approach to claims management internally and through our strategic partnerships.
REVIEW ALL EXISTING OPEN CLAIMS. DESIGN & EXECUTE A STRATEGY FOR CLOSURE WITH OPTIMAL COST-SAVING IMPACT
MANAGE INDIVIDUAL LOST TIME CLAIMS, WHEN BENEFICIAL, EVALUATE & PRICE COST-EFFECTIVE LUMP-SUM SETTLEMENTS
CONDUCT INDEPENDENT MEDICAL REVIEWS & WORK WITH PHYSICIANS TO ESTABLISH TIMELY/ REALISTIC MEDICAL & LOST TIME ASSESSMENTS
WORK WITH CLIENT’S STAFF AND LEGAL COUNSEL TO PREPARE FOR PROCEEDINGS
AUDIT, ASSESS AND NEGOTIATE FAVORABLE RESERVES
HANDLE REPORTING
& STATISTICAL ANALYSIS, INCLUDING UNIT STATISTICAL REVIEW WITH THE INSURANCE CARRIER
PREMIUM RECOVERY
Review and analyze the workers’ compensation policy to ensure the accuracy of the cost-driving elements.
CODE 59 RULE
Ensure that you are in full compliance with the Workplace Safety and Loss Prevention Program as required by those who have more the $800,000 in payroll and and EMR in excess of a 1.20.
WRAP-UP RECONCILIATION
Involves the auditing of all pertinent wrap up payroll that should have been included within the appropriate time frame(s) of the relevant Experience Modification Rating (EMR).
Certificate Tracking
Each certificate will be entered into a master contractor database where it will be monitored for expiration on a monthly basis. We will request renewal certificates 10 days prior to expiration. This consists of both email requests and a phone call directly to the contractor for their renewed certificate of insurance to ensure all enrolled contractors remain in compliance.
Subcontractor Compliance
Provide COI tracking insurance documentation-will request a certificate of insurance evidencing coverage from each contractor and subcontractor as required by contract. Our software will verify that all certificates meet or exceed the minimum required. You will have access to all collected certificates via your own client portal.