Close-Up Talk Radio spotlights risk consultant Richard Dalrymple

Longwood, FL – What policies and procedures does your organization have in place right now to reduce your risk, reduce your operating costs and increase your profitability? To their detriment, most companies simply rely on their insurance carrier to help reduce losses. What’s needed are cost containment strategies designed to improve your bottom line.

Richard Dalrymple is a senior financial risk consultant, national speaker and author of the best-selling book Accidents Waiting to Happen, a book of best practices in workers' comp administration. Dalrymple specializes in corporate risk management for growth-oriented businesses.

“It’s been proven if you reduce your business risk as a company, you can and will increase your profitability,” says Dalrymple.

How much did your last bad hire really cost you? According to Dalrymple, what a company pays in insurance premiums only represents the tip of the iceberg in regards to their Total Cost of Risk. Between the cost of the claim itself and the cost to hire and train a new employee, the total cost can be actually 10 times the size.

“That’s why it’s important to reduce risk,” says Dalrymple. “You’ve got to stretch yourself out that much more just to cover your losses.”

To help shrink that iceberg, Dalrymple and his associates created a system known as RiskScore®. Like a credit score, a high RiskScore® qualifies a company for better pricing for coverage. Your RiskScore® is determined by a 10-minute questionnaire that provides an extensive overview of your organization’s operational risk management.

“We step in and show them how to manage their claims process and give them checklists and strategies to gain better control over a system that many times they feel controlled by,” says Dalrymple.