Loss reduction services

Help reduce costs through risk management services from Nationwide

risk management consulting

Nationwide wants to help you and your employees create a safer workplace. Our risk management services team can help you reduce costs through individualized consulting and risk management assessments to develop solutions that work for your business and its unique needs.

First, we’ll get to know you and your business by conducting a review of your operations. We’ll learn the ins and outs of your organization, and then give you our best advice to help minimize your risks. These will be included in a risk management services plan, which will serve as a roadmap of what services to expect from us.

Risk management starts with an in-depth analysis of your business

Some of our competitors focus on “inspection” for their risk management services. They may visit a business location once and make general recommendations for improvement. This approach may leave the insurance company with an incomplete understanding of your operation and your team’s capabilities. This lack of understanding can result in poorly informed judgments that offer little value to owners or employees.

Nationwide's approach is unique. Our risk management professionals focus on the underlying sources of risk. We’ll review a site and bring an outside perspective to your operations. We’ll also dig into the details of the trends or processes that contribute disproportionately to higher accident frequency and severity.

We’ll focus our energy there, working jointly with you and your agent to achieve your overall goals and find solutions that can be quantified. These will be documented in your risk management service plan so you know exactly what to expect from us.

A loss history analysis comes from data in our claims database

We work with hundreds of companies just like yours. That experience gives us a vast well of information that lets us identify root causes of many insurance claims. A loss history analysis allows us to evaluate the risks within your operations, as well as areas of concern in your industry.

We’ll pull your company data from our claims database and provide an analysis of your company’s trends. If a branch is experiencing more claims, or a functional area (like your fleet) has unusually high numbers of accidents at a certain time of day, we’ll see it in the reports. This systematic and comprehensive review of your business activities allows us to work with you to analyze the findings and help develop effective solutions that address the challenges in your organization.

What our loss reduction services review includes

Some of the aspects of our review may include:

This review process provides us with in-depth information about your company, its core functions and any specialized risk challenges you face. Loss reduction services, most of which are provided at no additional cost, can help you achieve your safety and cost-containment goals and help ensure the success of your business.

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