Here’s how LPS partners with insurance.
Risk assessment by phone.
We conduct telephone surveys to help underwriters determine the risk of potential policyholders. This process begins with an in-depth conversation to ensure our full understanding of your objectives when it comes to the type of business you wish to write. Our telephone surveys then screen out those potential clients who are not congruent with those objectives. We’ll provide information on underwriting data (to validate application information), description of operations, exposure and controls, loss review, and – if necessary – further recommendations.
We’re happy to use your electronic forms, or we can provide an inspection report with our own documentation. Our proprietary reports include a one-page snapshot of the risk along with a description of the potential policyholder’s common and special hazards, a recommendations section, photo pages, and diagrams (when needed). We’ll supply the forms in whatever format you prefer – via upload, email, or hard copy.
On-site workers compensation surveys.
Our field consultants visit your potential policyholder’s workplace locations to conduct an in-depth review of their risk management strategies. This information can be the keystone to your decision to underwrite a risk. Several key factors are taken into consideration, including fire prevention exposures, machinery and equipment, material handling and hazardous materials. Beyond this, our consultants will also analyze management procedures and controls to address additional factors, both physical and operational. Loss control recommendations are also provided.
Loss control services.
We’ll help you enable your clients to strengthen their safety programs so they can enjoy lower rates. Complete services include return to work programs, conduct training, program development, hazard identification, and correction to reduce losses and become safe by design.
Mitigate your risk. Write only the best business. And provide superior service to your existing clients. LPS is your partner in all this and more. To get started, contact us now.