Risk & Business Magazine Gamble HUB International Fall 2015 | Page 28

R
&
Risk Management Teams
B HUB
Coverage Gaps and Your Business
BY: BARRY HOGAN, PRESIDENT, GAMBLE HUB INTERNATIONAL

A

proper risk management team
is something which does more
than simply help you to find the right
insurance for your particular business.
There are many other areas which a good
risk management team is able to provide
help. HUB International has one of the
best dedicated risk management teams
in the entire North American insurance
brokerage industry, and they provide
many services on top of simply helping to
fill coverage gaps (though obviously that
is also one of their primary functions).
Again, the primary goal of the risk
management team is to assess a given
business for the types of exposures that
they are going to face on a day-to-day
basis and to ensure that they have the
proper type of insurance coverage to
make sure there are no gaps in that
coverage. That is, by far, one of the
primary goals of any risk management

team and especially any insurance
brokerage. Of course, the services
which are often provided need to go
beyond merely making sure there are
no gaps in the coverage of a business.
For one thing, the risk management
team at HUB International will help a
business go through an internal auditing
process to help make sure that industry
best-practices are being followed. This
will help commercial clients become
better at not having to submit claims
to begin with. Really, this is the goal of
any business with insurance. Having
no claims means smooth sailing and
good business operations. Claims, more
often than not, mean that something
has gone wrong somewhere down the
line. Thus, the help with the avoidance
of claims is something which most (if
not all) commercial clients appreciate
and need in order to thrive.
The best way to help avoid claims for
clients is for the risk management team
to work hand in hand with internal

business teams in order to establish
guidelines which can be followed.
Through the use of guidelines and helpful
suggestions, the occurrence of claims
will be minimal. Again, businesses do not
always have the know-how to do this on
their own, or even to know where to start
establishing best-practice guidelines.
That is what makes the risk management
team useful. The fact that the risk
management team is dedicated (this is
all that they do) means that businesses
can always be sure they are working with
people who are very familiar with the
subject matter (and with their industry).
Businesses face areas of risk that they,
more often than not, are unware
of. Thus, it takes a professional
brokerage or team of risk management
professionals to come in and help
guide them in the process. HUB
International not only understands
this, but they have put systems in place
to support it, regardless of the size
of the business. You, and our clients,
are the most important thing to us.
If you wish to speak to our risk
management team and find out more
information, you can contact your
local broker and they can arrange
to have one of our risk management
people be in touch with you.

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RISK & BUSINESS MAGAZINETM FALL 2015