For organizations whose risk profile has outgrown transactional insurance buying, Cory Washington & Co. LLC offers a dedicated risk management practice. Where our brokerage services place and negotiate coverage, our risk management services work upstream and downstream of the policy — identifying exposures before they become losses, engineering them out of your operations, quantifying them with data, and advocating for you when a claim occurs.
These services are delivered under a separate risk management agreement and are billed as a management or consulting fee, distinct from commission-based brokerage compensation. This structure aligns our incentives with a single objective: lowering your total cost of risk (TCOR) — not simply your premium.
Engagements are scoped to your size, industry, and complexity. Our risk management clients are typically middle-market and larger organizations with multi-state operations, significant payrolls or fleets, complex contractual obligations, or self-insured and high-deductible programs.
Risk Identification & Assessment
Every engagement begins with a rigorous audit of where risk actually lives in your organization. We review your operations, physical locations, and workflows; examine the contract language in your leases, vendor agreements, and customer contracts for uninsured or misallocated liability; and map the supply-chain and business-interruption dependencies that a standard insurance application never surfaces. The deliverable is a prioritized exposure register — a clear inventory of your hidden and under-managed risks, each with a recommended treatment strategy of avoidance, mitigation, transfer, or retention.
Loss Control & Engineering
Preventing claims is more effective than paying for them. Our loss control and engineering team partners with your leadership and frontline staff to build practical safety, loss-prevention, and workplace-training programs tailored to your operations — spanning fleet and driver safety, ergonomic and injury-prevention protocols, property and fire-protection engineering, and OSHA-aligned safety management systems. We help you implement, document, and measure these programs so they translate into fewer incidents, improved experience modification factors, and a demonstrably stronger position at each renewal.
Data & Analytics
We treat your risk program as a data asset. By consolidating and analyzing your historical claims, loss runs, and exposure data — and benchmarking them against peers in your industry — we surface the loss drivers and cost trends that inform smarter program decisions. Where the data supports it, we apply predictive modeling to forecast losses, stress-test retention and deductible levels, and evaluate alternative program structures. The objective is always the optimization of your total cost of risk (TCOR) across premium, retained losses, and administrative cost — the true economics of risk, not just the figure on your invoice.
Claims Advocacy
When a loss occurs, you have a dedicated advocate on your side of the table. Our internal claims management process shepherds each claim from first notice of loss through final resolution: we manage communication with carriers and adjusters, assemble and present the supporting documentation, and hold carriers accountable to the terms and timelines of your policy. We are experienced in challenging questionable denials and reservations of rights, and in coordinating the specialists — forensic accountants, engineers, or coverage counsel — that complex and high-severity losses demand. The goal is a fair, complete, and timely recovery, achieved with minimal disruption to your business.
Structuring an Engagement
Risk management services are provided under a separate written agreement and management fee, scoped to the size and complexity of your organization. To discuss whether a fee-based risk management engagement is right for your business, contact our team to request a confidential consultation.