|
.
Strang & Associates
Risk management consulting that protects the bottom line.
|
|
COMPANY OVERVIEW
Who We Are
We are an independent risk management consulting firm that provides fee based value-added expert advice in all areas of insurance and self-insurance. We make it possible for CFOs to concentrate on their company's business during the day and to sleep peacefully during the night. The primary principal offers almost four decades of risk management experience and insurance expertise.
Our Objective
To help corporate executives assess, design, implement and maintain unique, cost-effective insurance and risk management programs that protect and preserve assets through balancing a company's unique exposures with the cost of protecting the bottom line.
What We Do
We provide expert risk management, insurance advice, solve complex situations and provide a full array of services for small to medium sized companies that do not have a risk manager on staff. Our consulting services are offered, on an outsource basis, for companies that need pro-active risk management support either in an ongoing or project format. The following is a partial listing of our services:
EXPOSURE ANALYSIS: We examine an organization to identify and quantify what it does, what it stands to lose in case of loss and what is needed to protect its assets and earnings.
EVALUATION & RECOMMENDATIONS: We review an organization's insurance and risk management programs and make recommendations regarding coverage improvements, administrations, loss control and financing mechanisms.
MANAGE MARKETING & SELECTION: We develop specifications for marketing an insurance program and risk-related services. We manage the marketing process, evaluate submissions and make recommendations on program selection and service providers.
EVALUATE CONTRACTS: We are experts in insurance contract wording and other types of contracts and leases. We negotiate insurance wording with attorneys and others on behalf of our clients.
CONTINUING COUNSEL: We provide ongoing risk management consulting services and may also serve as an outsourced risk management department.
RISK FINANCING: We are skilled in managing risk outside traditional risk financing mechanisms, and in utilizing various risk transfer and risk control methods.
OWNER CONTROLLED INSURANCE PROGRAMS: We develop contract wording, set up bidding requirements and administrative procedures.
AUDIT: We set up audit procedures and perform audits, including owner controlled insurance programs.
SPECIALIZED SERVICES: We specialize in serving as expert witnesses and providing evaluations of potential risk and losses to bankers, lawyers, accountants and others.
When We're Needed
REVIEW: For an objective, independent review of an insurance and risk management program.
COST: To examine the cost of an insurance and risk management program.
LOSS: When an insurable loss has occurred that was not covered.
MARKETING: To competitively market an insurance program.
MANAGEMENT: As outsourced risk management support.
FINANCING: To explore alternative methods of financing risk.
EVALUATION: To evaluate insurance needs after significant changes to an organization's structure.
PROBLEMS: When loss experience makes it difficult to purchase insurance.
SERVICE: Dissatisfaction with the broker, insurance company or claims service.
How We Do It
PERSPECTIVE: As independent professionals, we provide objective analysis.
REPORTING: We only report to the client. We're often retained by the CFO on a project or continuing basis.
COOPERATIVE: Strang & Associates works with the client's insurance providers, accountants, lender and other professionals.
About Jim Strang
Jim Strang, MBA - Pepperdine University, founded Strang & Associates in 1991, and has provided risk management and insurance services to companies of various sizes, in various industries, and is the only consultant in the U.S. specializing in aviation. Jim has over 30 years of experience in the insurance industry as a risk manager, insurance broker and consultant. During his career he has been the director of risk management of the former Northrop Corporation and Tiger International Corporation, as well as the head of Northrop's off-shore captive insurance company. Jim was senior vice president and western regional head of Aon's national aviation division.
Jim serves on the board of the Society of Risk Management Consultants. He also serves on the board as secretary of the Dubnoff Center, a non-profit educational institution. In addition, Jim is a member of PNG.
|
|
  
|
