AUDITS AND REVIEWS

RMS provides services to agents and brokers to assist them to enhance profitability through sound operating procedures and to ensure that proper risk management and loss prevention activities are in place to prevent the potential for errors and omissions claims.

RMS services focus on the following:

The Lloyd's Market		Coverholder Audits; Pre-Coverholder Status Reviews; Random Audits; Coverholder Financial Reviews; Run-off Supervision; and Third Party Administration Audits.  (See next section of this Capability Statement entitled, “Services for the Lloyd’s Market.”)
Agents, Brokers		Operations Audit, which is a detailed, systematic, comprehensive 360º planning tool for agents and brokers that facilitates the identification and recommendation for annual action plans that need to be implemented, not unlike other standardized management systems (e.g. ISO).  The audit examines and assesses each of the operational components of an agent/brokerage as well as Producer/CSR activity. Brokerages achieving an overall score of 90% or better will receive Gold Standard Broker certification.
		Specialized Errors and Omissions Consulting
		Seminars and Workshops in the areas of Errors and Omissions prevention and loss control
		Disaster Recovery Plan Consulting using The Crisis Tool software, assigned a “Best Practice” designation by the Independent Insurance Agents & Brokers Association of America.  This software tool complies with the NFPA 1600 standard.

Did you know that we provide seminars on topics such as Errors & Omissions Avoidance?  We can help your team be better at what they do while helping your company lower its costs. Contact us today at training@riskmgmtstds.com to find out more about our customizable solutions for training your workforce to reduce risks.