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Risk Management
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Risk Management Services
Risk Management Beyond Insurance
At Tower Street Insurance, we believe insurance is only one piece of an effective risk management strategy. Our team helps businesses identify, evaluate, and mitigate risk before losses occur, combining insurance expertise with proactive solutions that protect operations, employees, assets, and profitability. Rather than simply transferring risk through insurance, we work with clients to reduce exposures, strengthen safety programs, improve contractual protections, and create long-term risk management strategies that support sustainable growth.
Risk Management Services
Our Risk Management Approach
Every business faces unique exposures. That’s why we take a consultative approach to understanding your operations, contracts, workforce, and insurance program.
We help clients:
- Identify operational and financial risks
- Analyze coverage gaps and policy limitations
- Review contractual risk transfer opportunities
- Strengthen workplace safety programs
- Implement loss prevention strategies
- Improve claims outcomes through advocacy
- Control long-term insurance costs
Risk Management Services
Risk Management Services
Coverage Analysis & Program Design
We perform detailed insurance reviews to identify coverage gaps, duplicate coverages, and areas where protection can be strengthened. Our goal is to ensure your insurance program aligns with your actual operations and risk profile.
Loss Control & Safety Consulting
Proactive loss prevention is one of the most effective ways to reduce claims and improve insurance performance. We help businesses develop safety initiatives, employee training programs, workplace assessments, and fleet safety strategies.
Contract Review & Risk Transfer
Many organizations unknowingly assume unnecessary liability through contracts. We review contractual agreements and identify opportunities to transfer risk appropriately through indemnification language, insurance requirements, and other protective measures.
Fleet Safety & Telematics
For companies operating vehicles, we provide vehicle monitoring solutions, driver accountability programs, camera technology, and telematics resources designed to improve driver behavior and reduce accident frequency.
Claims Advocacy
When a claim occurs, our team advocates on your behalf throughout the process. We work directly with carriers to help clients navigate complex claims, resolve issues efficiently, and pursue the best possible outcome.
Employee Benefits & HR Support
Workforce-related risks can significantly impact a business. Through employee benefits consulting and HR resources, we help organizations attract talent, maintain compliance, and build stronger workplace cultures.
Risk Management Services
Why Businesses Choose Tower Street for Risk Management
Client-First Approach
We focus on protecting businesses, employees, and families rather than simply selling insurance.
Enterprise Risk Management Perspective
Our approach integrates insurance, loss prevention, claims advocacy, safety consulting, employee benefits, and risk transfer into a cohesive strategy.
Access to Leading Insurance Carriers
As a Chubb Top 2% Agency, we provide access to industry-leading carriers including Chubb, Travelers, CNA, Zurich, Liberty Mutual, The Hartford, AIG, Nationwide, and more.
Proven Results
Our clients benefit from proactive strategies that help reduce claims, improve safety, strengthen protection, and lower their total cost of risk.
Risk Management Services
Risk Management Success Stories
- Sheet Metal Contractor Saves $58,154
- Medical Office Practice Saves $800,400
- Concrete Contractor Saves $224,220
- $182,000 in Savings for Electrical Contractor
We supported a sheet metal contractor to improve overall safety performance and reduce workers’ compensation exposure, delivering a significant long-term impact on their risk profile.
What began as a high-risk operation has transformed through consistent focus, accountability, and strategic loss control efforts. Over the past several years, our loss control team worked closely with leadership to implement and strengthen:
- Employee safety training and hazard recognition
- Incident investigation and root cause analysis
- Supervisor accountability
- Injury & Illness Prevention programs
- Emergency preparedness and heat illness prevention
- Ongoing risk management best practices
The Outcome:
- Projected EMOD reduction: 2.37 → 1.06 (~55% improvement)
- Incurred losses reduced: $103,819 → ~$14,487 (~86% reduction)
- Loss ratio improved: 71.77% (2021) → 17.62% (current)
- Claim frequency reduced: 21 → 9 claims (~57% decrease)
This is a measurable transformation, not just in numbers, but in culture. A stronger safety foundation has led to fewer claims, lower losses, and a significantly improved insurance profile.
When a longtime client transitioned into a national medical office practice, they asked us to take a fresh look at their insurance program. Our team stepped in to help however we could.
Here’s what we were able to accomplish together:
- Helped strengthen coverage by raising limits, adding significant coverage, and closing important coverage gaps
- Shifted several policies from excess & surplus lines to an admitted carrier with a strong track record and excellent claims service
- Provided proactive claims support, helping reduce the number and severity of claims
- Identified cost-saving opportunities that led to $800,400 in total savings across the program
Most importantly, we helped bring their insurance program into line with the growth of their business, something we take great pride in.
At Tower Street, we approach every client with the same mindset: listen, dig in, and do what’s right to protect what matters most.
Tower Street supported a concrete contractor with a comprehensive program review and strategic market repositioning.
Key outcomes included:
- $224,220 in total premium savings, reducing the program from $561,074 to $336,854 compared to the prior placement.
- Transitioned the account from the E&S market to admitted carriers, materially reducing surplus lines taxes and improving rate stability.
- Increased limits and broadened coverage across the majority of policies while still lowering total premium.
- Implemented safety and loss control support, helping the client proactively mitigate future claims rather than reacting after losses occur.
- Ongoing work on Key Man coverage for the C-suite to further strengthen the company’s balance sheet and overall risk profile
Tower Street aligns coverage with real exposure, uncovers hidden savings, and builds insurance programs that support long-term growth and stability.
When this electrical contractor came to us, the objective wasn’t simply to reduce premiums. The goal was to identify opportunities for improvement, and ensure their coverage was aligned with the company’s continued growth.
We evaluated market options, and worked to create a more strategic insurance program that balanced cost, protection, and long-term performance.
The Outcome
- $182,000 in annual savings across General Liability, Excess Liability, and Workers’ Compensation
- Added a $1,000,000 Crime policy limit to strengthen protection
- Became the Broker of Record for the Commercial Auto program, allowing us to manage the client’s insurance portfolio under one coordinated strategy
The value didn’t stop with premium savings. We partnered with the client to implement a proactive risk management approach focused on:
- Loss control
- Claims advocacy
- Long-term insurance performance
The Result
A stronger, more comprehensive insurance program, significant cost savings, and a unified strategy designed to support the client’s future growth.
Risk Management Services
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Tower Street Insurance by the Numbers
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- 5001 Spring Valley Rd 500W Dallas, TX, 75244
- PO Box 803506
- admin@towerstreetinsurance.com
- 469-788-8888
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