Skip to Content
Building Stability with Risk Management

Play Video
Risk Management

Utilizing Risk Management Services is the Smart Play for Your Business

Take a proactive step in managing your insurance premiums and create a safer workplace environment with a customized risk management plan.


Improving the safety of your businesses’ work environment has obvious health and well-being benefits for your employees, but it can also directly affect your bottom line by lowering your insurance premiums over time.


Businesses that engage in a comprehensive multi-year risk management program save an average of 57% on their premiums by lowering their Experience Modification Rating. Risk management specialists will work directly with your business, performing on-site recommendations and regular check-ins to help prevent workplace accidents and assist with OSHA and DOT compliance. We can even help you manage claims and perform HR and risk financing services.


The cost for a Loman-Ray risk management plan is typically between 5 – 20% of the price of an “in-house” department, depending upon the scope of duties desired. Utilizing our resources is an efficient method of gaining access to experienced risk management personnel.

 

 
Risk Management Process

 

Our team of safety professionals guide you through an ongoing process to help mitigate risk, achieve
compliance, and ensure the establishment of an enduring safety culture. With this continuous, outsourced
approach to safety awareness, clients have seen as much as a 93% reduction in their direct injury costs
within two years and 2 to 3 times that amount in indirect employee related costs. Let Loman-Ray get you
started on the right path with a free risk assessment by an experienced safety professional.

 

  1. Risk Discovery Fact Gathering | Risk Analysis | Contract Review
  2. Risk Assessment Likelihood of Loss | Frequency and Severity | Impact to Owners
  3. Risk Treatment Avoidance Strategy | Retention | Transfer Risk Contractually | Safety Program Development

  4. Program Implementation Implement Non-Insurance Options | Proactive Claims Management |
    Injury Prevention Compliance | HR Policies (ex: Handbook)

  5. Risk Monitoring Program Monitoring | Making Changes as Needed | Inquiry Response

  6. Periodic Overview Ongoing Review | Regulatory Updates (ex: DOT, OSHA)

 


The above is meant as general information and as general policy descriptions to help you understand the different types of coverages. These descriptions do not refer to any specific contract of insurance and they do not modify any definitions, exclusions or any other provision expressly stated in any contracts of insurance. We encourage you to speak to your insurance representative and to read your policy contract to fully understand your coverages.

Start building a custom risk management plan with a free risk assessment!

 

Find a Commercial Agent

 

Request a Call/email

have a Question or need a quote?

You're in the right place.

Please fill out this form and we'll be in touch soon.

 

Visit Us

We help customers like you throughout east central Illinois and beyond—since 1981.

FIND YOUR LOCAL OFFICE
Urbana - Corporate Office
2702 Boulder Drive, Urbana, IL, 61802
OFFICE HOURS

Monday - Friday

8:30am - 4:30pm

Saturday - Sunday

Closed

Broadlands
108 S. Lincoln Street, Broadlands, IL, 61816
OFFICE HOURS

Monday - Friday

8:30am - 4:30pm

Saturday - Sunday

Closed

Cissna Park
125 W. Garfield St., Cissna Park, IL, 60924
OFFICE HOURS

Monday - Friday

8:30am - 4:30pm

Saturday - Sunday

Closed

Clifton
145 E 5th Ave, Clifton, IL, 60927
OFFICE HOURS

Monday - Friday

8:30am - 4:30pm

Saturday - Sunday

Closed

Danville
17 E. Liberty Lane, Danville, IL, 61832
OFFICE HOURS

Monday - Friday

8:30am - 4:30pm

Saturday - Sunday

Closed

Hoopeston
1016 W. Orange St., Hoopeston, IL, 60942
OFFICE HOURS

Monday - Friday

8:30am - 4:30pm

Saturday - Sunday

Closed

Monticello
113 S. State St, Monticello, IL, 61856
OFFICE HOURS

Monday - Friday

8:30am - 4:30pm

Saturday - Sunday

Closed

St. Joseph
104 N Main St, St. Joseph, IL, 61873
OFFICE HOURS

Monday - Friday

8:30am - 4:30pm

Saturday - Sunday

Closed

Sullivan
13 S. Main St, Sullivan, IL, 61951
OFFICE HOURS

Monday - Friday

8:30am - 4:30pm

Saturday - Sunday

Closed

Tolono
107 N Watson, Tolono, IL, 61880
OFFICE HOURS

Monday - Friday

8:30am - 4:30pm

Saturday - Sunday

Closed

Villa Grove
15 S Main St, Villa Grove, IL, 61956
OFFICE HOURS

Monday - Friday

8:30am - 4:30pm

Saturday - Sunday

Closed

Get a Quote!