As your insurance broker, our primary objective is to help you reduce your overall Total Cost of Risk (TCOR), thereby improving your balance sheet. To achieve this goal, we match our vast resources to our clients’ specific, critical goals.
Our TCOR Process (depicted below) outlines the steps we take to ensure the constant and optimal reduction of your Total Cost of Risk.
In this phase we identify risk exposures, analyze your current insurance program, and determine the most effective solutions to manage your TCOR.
In this phase we work with your executive leadership to develop a comprehensive risk management plan for you. As partners, we agree on your plan’s objectives.
The phase is conducted by NSM’s risk consulting team and your organization’s executive leadership. Together, we help you achieve the ultimate goal of reducing TCOR.