Professional Risk Management, Inc.
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Primary services include:

  • Identifying risks and exposures to loss.
  • Analyzing current coverage, service, and pricing.
  • Developing customized programs examining all risk financing options including: self-insurance, cash-flow plans, insurance, and other risk transfer techniques.
  • Administering the program; negotiating coverage and costs, while maintaining high loss-control standards and reducing risks assumed under contracts.
  • Monitoring and evaluating risk management programs to ensure they are meeting objectives.

Basic guidelines in the risk management decision-making process:

  1. Don't risk more than you can afford to lose.
    The most important determining factor in deciding what to do about a given risk is the maximum potential loss that might result.
  2. Don't risk a lot for a little.
    Purchase insurance only when necessary. Also, don't risk a possible loss just to save premium dollars.
  3. Consider the odds.
    The risk manager must weigh the probability that a loss may occur against the financial consequence of the loss. For example, if a loss could cause financial catastrophe, the fact that the probability is small is of little significance.

Professional Risk Management, Inc.

7825 Washington Ave S Ste 500
Eden Prairie, MN 55439

Phone (952) 943-3954
Fax available upon request

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