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Our initial focus with any client is to identify the significant operational risks they face, while providing feedback to senior management on current means to manage that risk.  By understanding what are the material risks a Company faces along with how those risks are being mitigated is fundamental to balance sheet protection. Our Risk Management Assessment is a fundamental part of that understanding and advice:

• Work toward a thorough understanding of the Company and its business model. Identify who the Company does business with and what competitors it’s up against. What are the supply chain, production and distribution risks the Company faces?


• Look at the strategic drivers of the Company and what would prevent the organization from achieving those long and short term goals.


• Identify and analyze exposures faced by operations what level of materiality the Company can absorb.


• What risk management practices and insurance program structure exists and how they can be improved to lower the Total Cost of Risk (TCoR)

One of the more fundamental concepts we will address is the process to mitigate “downstream” risk with the effective use of insurance, indemnity and waiver agreements along with an effective certificate of insurance compliance process.

The ALS Group will work with the client’s operational managers to uncover business processes that would give rise to significant risk. The process is fairly painless and takes approximately 60 days to gather & review the information, question Company management and provide initial findings. We will, of course, identify and address any immediate issues that our review uncovers..

Contact our Managing Principal to discuss the process further