RISK MANAGEMENT
 

VAGIBCORP has helped corporate clients plan, organize, direct and manage their resources so they can minimize the adverse effects caused by accidental losses, while doing so at the lowest possible cost.

While every business is exposed to risk, not everyone’s exposure is the same. Furthermore, risk exposure changes over time. That’s why VAGIBCORPs Risk Assessment Services are a very effective tool to thrive in today’s competitive marketplace.

VAGIBCORP Risk Management Services are based on a rational decision-making process that takes the following considerations into account:

  • Identify, evaluate and analyze risks that may lead to accidental losses.

  • Assess feasible risk management alternatives to effectively deal  with potential risks. These may include:

                Risk Transfer

     Risk Avoidance
                Risk Retention      Loss Prevention
  • Select the best risk management and loss control option for your business:

Implement the  chosen technique

       Monitor the results

At VAGIBCORP our main goal is to reduce your company’s unnecessary exposure to risk. We will tell you how you can achieve this goal in a thorough yet cost-effective manner by implementing a sound and fully customized risk-management policy. Together, we will discuss:     

                                           STRATEGIES 

         Set Objectives

 Identify Possible Risk Situations

 

  Evaluate Alternatives

      Choose the Best Option
 
                               PROBABILITY DISTRIBUTION

                              Frequency Vs. Severity

Cost and Insurability? Frequency vs. Severity...

While buying an insurance policy may be the most common way in which to deal with a possible situation, this may not always be the right decision due to cost and insurability.

In situations where the frequency of the risk event and the severity of the damages caused by it is HIGH, the best risk management alternative is to avoid the risk altogether. This can be achieved in a number of ways... and your VAGIBCORP representative will be glad to discuss them all.

But this is just the beginning. There are different approaches to all four strategies shown in the table below. Your VAGIBCORP representative will help you determine the best and most effective option to deal with your company’s specific risk management needs while keeping costs in check.

                            RISK MANAGEMENT TECHNIQUES

1.- Avoidance

 2.- Loss Control 3.-Loss Financing

Evaluate Exposures

Prevention

Risk Retention

Evaluate Advantages

Reduction

Risk Transfer

 

Loss Control Program

Premium Options