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The directory of risk management consultants lists companies that generate at least $100,000 of their gross revenue from pure risk management consulting. Business Insurance defines pure risk management consulting as providing advice on risk management issues on a fee-for-service basis; this excludes activities such as conferences, publishing, claims administration, computer time sharing, consulting for insurers, captive management and employee benefit consulting.
Listings begin with financial/statistical information. This section includes: total 1996 gross revenues and 1996 revenue generated by risk management consulting, including the percent attributed to continuous risk management consulting, risk management audits, special risk management projects and actuarial/accounting services.
The staff section provides figures in full-time equivalents for the number of total employees and professional employees assigned to risk management consulting, including the breakout of principal consultants, consultants, actuaries, analysts and professional designations as defined below.
Following is the total number of risk management consulting clients, including the number of association clients and minimum-size client accepted by risk and insurance budget, if applicable.
The next section begins with the year risk management consulting services began, parent company, if applicable, and services.
If a company specializes in a limited number of services, three or fewer, those specialized services are shown. Otherwise, the company is assumed to offer general risk management consulting services, which can include some or all of the following: alternative risk financing consulting, insurance coverage and limits analysis, broker and vendor services analysis, consulting on design of risk management information systems, risk management organization studies, claims consulting, loss prevention consulting, expert witness services, loss settlement assistance, actuarial consulting.
Companies listed provide consulting to all or most types of business or industry unless otherwise noted under the specialties heading. Majority-owned locations providing risk management consulting other than the home office are listed next. Compensation specifies if the company is paid on a project basis, on a retainer basis and/or by the hour. The range of hourly charges are given for a principal consultant, consultant, analyst and clerical work.
Listings conclude with a line noting SRMC membership if a Society of Risk Management Consultants member is on staff, a line noting if the company is certified under ISO 9000, the names and titles of the company's top officers and the name of a contact for readers seeking additional information.
The directory is published as an editorial service; there is no charge for companies to be included. Information reported is based on each company's responses to a BI questionnaire. Although every effort is made to publish complete and accurate listings, Business Insurance is unable to verify all information.
Following are the full professional designations for those abbreviated under the staff heading: ACAS is Associate, Casualty Actuarial Society; ARM is Associate in Risk Management; CIC is Certified Insurance Counselor; CPCU is Chartered Property Casualty Underwriter; CSP is Certified Safety Professional; FCAS is Fellow, Casualty Actuarial Society; PE is Project Engineer; CMC is Certified Management Consultant.