Plan for Risk - Budgeting for Risk
In this webinar, we will examine risk costs and the budgeting process. We will explore tools that can be leveraged to move from estimates provided closer to renewal each year to strategic planning for both insurance premium costs and below deductible costs. We will discuss the renewal process through the lens of an insurer and what to expect. We will also review the use of reserves and the impact deducible changes have for future budgeting years and look at ways of communicating year over year changes to senior management.