Our practice of risk placement includes any suitable risk solution which also includes the traditional insurance approach. LCL Insurance Services has developed expertise along with an impeccable reputation for our innovations in this area. Within the scope of risk placement, we feel that there are three primary components:
to determine the responsible threshold for risk retention.
design and execute risk retention solutions that are appropriate for the client.
design and execute viable risk transfer programs so that the client does not take on any unnecessary risks.
If your insurance program does not provide some measure of protection through diversification, then it becomes an expensive exchange of dollars.