peo risk management
DESCRIPTION
Make your PEO's Risk Management department a profit center. Praxiom Risk Management was born out of a successful PEO risk management department and now offers their services to all PEOs. Whether you're looking to outsource everything from underwriting, loss control, claims management, and statistical reporting, or scale it back and focus solely on insurance placement, Praxiom is a consulting firm and agency dedicated to the PEO industry.TRANSCRIPT
Risk Management as a Profit Center
Progressive PEOs know that effective risk management programs can help attract new clients,
retain existing clients, and provide profitable results.
Praxiom Risk Management is comprised of seasoned risk management, safety, and claims pro‐
fessionals with a track record of “best in class” results within the PEO and Staffing industries.
Praxiom’s Unique Value to PEOs
Experienced PEO Risk Managers. We have built and run a highly successful PEO risk man‐agement platform from the inside out. We know how to assist you strategically and tactically in the design and operation of your risk management platform.
Recognized industry expertise. We participated in the formation of the Workers Compen‐sation Certification Institute for PEOs, the development of PEO risk management best practices, and remain active on the Advisory Board.
Consulting Expertise. Consulting services range from risk management program design through fully outsourced risk management solutions (underwriting, data manage‐ment, risk control, claims oversight). We use our own, PEO experienced colleagues to provide services. We have worked with a full range of PEO platforms from initial startup through fully mature, nationwide programs.
Workers Compensation insurance program design and placement. We have experience in both fully insured (guaranteed cost) and loss sensitive (deductible, retro) program design and placement. We have relationships with each of the leading PEO workers compensation insurance carriers in today’s market.
Measurable Results. We help our clients determine what they wish to achieve, then the tactics and metrics to ensure the proper outcomes.
Risk Management For
Professional Employer
Organizations
Praxiom Risk Management LLC
809 East Bloomingdale Avenue, #300
Brandon, FL 33511
Phone: 888.350.7729
Fax: 813.856.4748
www.praxiom‐rm.com
© 2010 Prax iom R i s k Management L LC
P rax iom R i s k Management i s a Cer t i f i ed R i s k Management and Cer t i f i ed Sa fe ty Pro fe ss iona l f i rm . 7/10
R i s k Management • Sa fe ty Consu l t i ng • C la ims Management • I n su rance P lacement
Attract New Clients
• Select risk with greater confidence
• Build a RM platform that complements
your sales strategy
• Create a service differentiator at point of
sale
Retain Existing Clients
• Provide value that increases client loyalty
• Use pricing flexibility provided by WC
profit
Protect Your Margins
• Drive predictable, sustainable financial
results for your Workers Compensation
program
• Develop key metrics and audit systems
• Use the right Workers Compensation fi‐
nancial structure to retain revenue and
increase profit
© 2010 Prax iom R i s k Management L LC
P rax iom R i s k Management i s a Cer t i f i ed R i s k Management and Cer t i f i ed Sa fe ty Pro fe ss iona l f i rm . 7/10
R i s k Management • Sa fe ty Consu l t i ng • C la ims Management • I n su rance P lacement
Risk Management
For
Professional Employer
Organizations
Praxiom Risk Management LLC
809 East Bloomingdale Avenue, #300
Brandon, FL 33511
Phone: 888.350.7729
Fax: 813.856.4748
www.praxiom‐rm.com
Continuous Process
Below are some of the processes, reports and tangible results our clients have come to expect.
It is this commitment to results, clarity, and accountability that has positioned Praxiom as a
leader in the field of Risk Management for PEOs.
Leadership and Accountability
• Benchmark analysis of industry best practices defined by the Certification Institute for PEOs
• Risk Management Maturity Grid
Client Selection and Administrative Support
• Defined underwriting guidelines
• External carrier process commitments
• Internal risk management action plan
Data Management
Loss Control and Claims Management
• Dedicated field Loss Control Engineers
• Dedicated Claims Managers
• Monthly Profitability Report
• Operations “Dashboard” Report
• Policy Administration Report
• Causation Reports
• Client Watch Lists
• Frequency/Severity stats
• Experience Mod analysis
• Client Benchmarking