Assess.
Mitigate.
Transfer.

 

Flirting with Natural Disasters

The evidence is overwhelming: The threat of natural disasters has increased, yet business owners are hardwired to think it won’t happen to them, or if it does, the impact will be minimal. Do not undestimate the threat posed by natural disasters. Organizational leaders should do everything they can to control and prevent disaster risks as a preemptive measure in addition to providing insurance coverage to protect against loss and liability in the event a disaster does occur.

You can plan for the inevitable. At Lambent, we start by assessing your entire program to identify gaps in coverage and risk factors that you might have missed or undervalued. Using our exclusive Lambent 5-Step Reveal Process, we design comprehensive insurance programs that effectively manage, minimize and mitigate actual or potential losses. From common property and casualty to complex large deductible programs to specialty product lines, we streamline coverage to reduce insurance costs and help our clients define practices that support sustainability and fiscal well-being.

 

Claims management and litigation support

We assist clients with managing claims, resolve and calculate insured and uninsured losses, and provide asset valuations.

  • Workers’ compensation
  • General liability
  • Auto liability
  • Short-term disability
  • Claim in-take (24/7/365)

 

Claims consulting

Lambent provides a dedicated on-site consultant who will advise the client on Return to Work programs; conduct claim reviews and audits; obtain structure settlements, and oversee run-off claims. In addition, Lambent also provides vocational rehabilitation assessments and performs risk management outsourcing.

 

Operational risk management

We take an integrated approach to managing and optimizing the impact of operational risks such as those associated with property (including natural hazards), supply chain, business continuity and products (including recalls).

 

Enterprise Risk Management

The ability of corporate and municipal organizations to effectively measure and mitigate risks is important to stakeholders and rating agencies. New SEC regulations sparked by the financial crisis require that proxy statements issued after February 2, 2010, disclose risk-based compensation policies, the role of the board of directors in risk oversight and the nature of communications between executives and the board on matters concerning risk management.

Lambent has created a system for identifying and understanding threats and providing consultation on board of directors’ risk management function, which is important to investors and enables officers and directors to make better, more informed decisions.

 

Property and casualty

Automobile, product liability, general liability, workers’ compensation, unusual exposures  – these concerns are often dealt with separately. At Lambent, we view them separately as they relate to specific industries and business needs, but cohesively to forecast losses, market fluctuations and changes in legal and regulatory requirements. Our risk evaluations and assessments are always tailored, so our clients stay in the “know” about market and regulatoary changes affecting their business and how to react to them.

 

Incoming certificate management

We customize monitoring of insurance standards to the industry and conduct a thorough analysis of vendor compliance, providing notices of deficiencies, noncompliance and pre-renewal. We follow up with status and management reports and provide an on-demand archive for easy referral and access.  Services also include:

  • Issuing certificate check prior to work order issuance
  • Scanning of existing certificates onto CD-Roms
  • Transitioning and archiving of existing certificates
  • Status by vendor
  • Status by client location

 

Loss control

When the unknown happens, business operations and business capacity are both affected, and that  can negatively impact the bottom line. Early intervention is key, so we get involved from the outset to reduce the total cost of risk and streamline processes to ensure quick settlement

 

Bonding

Lambent provides bond training for contractors so that they will know what they need to present — and how to present it — to clear the bonding hurdle once and for all.