Risk Analysis
What distinguishes Van Gilder is the proprietary analytical tools developed by the Risk Analysis team. Our ability to provide critical cash flow analysis, develop sound loss and cost projections, collateral profiles and optimize retention/deductible choices is unmatched. This ability helps you determine the most cost effective way of managing your costs for high frequency/low severity risks through a combination of insurance and retention options. Van Gilder builds reports in customized formats/styles that are extremely useful. Instead of utilizing outside vendors, in-house Van Gilder experts, solely dedicated to these functions, provide constant input on insurance program design and performance.
Van Gilder's Risk Analysis Services offers a number of ways to help you control your costs:
- Annual review and modeling of all Workers Compensation data and validation of the Experience Modifier (Ex Mod)
- Correction of errors made by NCCI in a timely matter with documentation (74% of all errors are causing the employer to overpay their Workers Compensation premium)
- Projects the impact of Colorado rate changes on client workers compensation Ex Mod calculations before they are issued, telling you accurately what to expect well ahead of when the change is approved by the state
- Quantitative deductible analysis to advise you as to optimum retention levels for long term insurance savings and optimal cash flow
- Multiple Location Cost Allocation / Analysis
- Individual loss analysis, equating the cost of every claim to insured premium expense over the long term
- Proforma Ex Mod evaluation as a part of due diligence for a merger or acquisition that may come under consideration in the future so as to advise you on the insurance cost implications
- Cost Comparisons – Van Gilder provides friendly visuals to simplify workers compensation funding alternatives by comparing them on a net cost basis
- NPV, ROI & ROE financial analysis for your available Risk Funding options