Risk
Management And Insurance Audits:
An
audit provides an objective review of a risk management or insurance program,
with the goal of identifying, controlling and protecting against risks of
loss. An audit can be limited in scope, focusing on a single problem or
issue such as writing bid specifications for purchasing a particular line
of insurance. Or it can be much more comprehensive, encompassing the effectiveness
of the entire risk management or insurance program.
Often a special event will trigger the need for an audit. Maybe you’re
having difficulty placing insurance coverage, or you’ve experienced
a change in key personnel, or you’re planning a major change in your
operations and/or exposures. An audit can help you navigate through any
of these or similar situations. Audits performed on a regular, periodic
basis will help ensure the continued smooth operation of your risk management
department.
