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As the situation in Ukraine evolves, businesses should be mindful of potential risks to their people, assets, operations, or supply chains in the region and globally. Marsh, as part of the Marsh McLennan family of companies, has created a page with information, tools, and resources related to the Russia-Ukraine conflict. Please visit the page for the latest information.

Risk Management Solutions

Prioritizing your risk management efforts requires the collaboration and insights of an experienced advisor.

Our dedicated, in-house risk management team works with you to uncover root-cause behaviors. With best practices and regulatory awareness at top of mind, we strengthen your organization’s safety and risk control measures.

Benefits of Risk Services

Why Marsh McLennan Agency's Risk Services?

  • Strategic relationships with clients, carriers, and vendors
  • Proactive approach to risk management
  • Analytics to support decisions
  • Integration of employee health and safety as part of client culture
  • Deep carrier relationships to leverage resources
  • Experienced risk services client team


Risk Services Coverage

Marsh McLennan Agency believes in diving below the surface and identifying risks based on research, data, and partnership with our clients and carriers.

Strategic Risk Assessment

We assess and manage business risk for organizations as well as their projects and initiatives.

Workforce Strategies

We help organizations to reduce people-related costs and improve the performance of their employees.

Benchmarking and Loss Trend Identification

We provide organizations industry-based data to make informed risk-related business decisions.

Regulatory Compliance

We guide organizations helping them remain well-informed and in compliance with OSHA, NFPA, DOT, and EPA through the use of proper recordkeeping, training and programs.

Business Continuity Risk Management

We help organizations develop, implement, and enhance their business continuity plans and supply chain.

Meet Rob, a risk services specialist.

Rob Stiles

Senior Vice President, Risk Services
Richmond, VA

Frequently Asked Questions

Marsh McLennan Agency’s risk management consultants can help you protect your business against potential losses from risks common within your industry. Those risks may include financial uncertainties due to market volatility, legal liabilities, technical outages, or management errors.

We can identify potential risks your company faces and estimate how these vulnerabilities could affect your earnings. We’ll work with you to develop a risk management plan that may include internal quality controls and advice on the right insurance option.

Some industries, especially international business, have more risk exposure than others. However, other risks, such as liability and property, apply to every business across industries.

It is advisable to consider general business risks first and then define the most serious operational risk. That way, you can determine which services would benefit you most.

It’s safe to say that most companies could benefit from having protection over financial, employee well-being, and common liabilities. Protecting your business assets is crucial, although what you might consider an asset highly depends on your industry niche.

We’ll make sure you’re talking to a risk management consultant with extensive experience in your industry.

Overall, risk management aims to identify, assess, and mitigate potential hazards to your business. 

Risk identification: This can involve conducting surveys and polls, consulting industry research, or completing interviews with you to learn more about reasonably expectable risks within your business.

Risk assessment: Your business may be atypical of your industry niche. That’s why, in this next step, your risk management consultant will assess the likelihood of each potential risk you’ve identified. You may also consult data from the surveys or additional analytics and benchmarking tools.

Risk mitigation strategies: Some risks must simply be accepted, while others might endanger the health and wellness of your employees, not to mention your livelihood as a business owner. So in this step, you will choose strategies to address each vulnerability. 

Risk avoidance, risk control, risk reduction, risk retention, and risk transfer: You can avoid risk, for instance, by outsourcing a business activity to a partner. You can reduce risk through safety training or preventive data analysis. If you decide a risk is a natural part of your business, you can choose to accept or transfer it. Usually, you would only accept the losses tied to minor exposures while trying to transfer risks to specialized business partners.

Claims advocacy: When you’re already handling a claim, you don’t want the additional stress of navigating reporting and settlement. We’ll ensure you’re treated fairly, from reporting a loss to your insurer to working with your insurer to settle the claim.

Risk monitoring and communication: Once your strategy is in place, it’s crucial to monitor your operations for safety control and evolving exposures. This includes regularly reviewing and updating your risk management plans and safety protocols and communicating any changes with your business partners.

We offer tailored packages such as:

  • Benchmarking and loss trend identification 
  • Business continuity risk management 
  • Regulatory compliance 
  • Strategic risk assessment
  • Workforce strategies 
  • And more

While it’s worth asking about the cost of risk management, it’s also important to note that your expenses don’t exist in a vacuum. By investing in solid risk management, you’re already helping to protect your company from significant financial losses.

Your Marsh McLennan Agency risk management consultant can help identify factors impacting the price of risk management services, from the number of vulnerabilities and your organization’s size to its location and the typical services needed for your industry.

Meet a risk management solutions specialist.

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