Professional Services - Insurance and Risk Solutions

How can WTW help your business?

We use our industry knowledge and insight to help you manage and mitigate risk and control cost within your business. Your WTW team looks at your operational structure, your people and the values and ethics that make your company what it is today and what it endeavours to be in the future. We then review the risks that could impact your business as well as areas for improvements in business resilience and recovery, risk retention and transfer, servicing efficiencies and cost reductions.

We help implement the appropriate risk controls and risk financing strategy for your business by building intelligent programmes to support your short and long-term goals. We do this by combining our deep understanding of your business with our service sector expertise, using a variety of risk management tools such as loss profiling, analytics, claims defensibility audits, business interruption reviews and peer benchmarking analysis.

What experience does WTW have in the professional services sector?

Having worked with businesses in this sector for many years, the WTW Professional Services Practice has deep insight into the opportunities and challenges you face, with this being the sole focus of our highly experienced and innovative team.

We have a broad range of clients across various different sub-sectors including:

• Technology media and telecommunications
• Not-for-profit organisations and charities
• Professional and financial services
• Outsourced support services incl. facilities management
• Testing Inspection & Certification (TIC)

Our industry focus combined with risk management, claims and insurance broking expertise means we are well placed to assist with both traditional and emerging business risks. As part of a global broking organisation, the services team is your connection to the world of expertise WTW has to offer.

Please do not hesitate to contact us to discuss your risk management and insurance strategy further and find out how we can help you implement the right approach for your business.

Risk and insurance optimisation for professional services

Optimising risk and insurance can deliver cost savings and better outcomes for your clients. We use advanced data analytics to identify and mitigate risks, restructure policies to create a bespoke and efficient insurance programme. This in turn reduces your administrative burden and drives more efficient risk management efforts.

Cyber risk management for professional services

Translate complex cyber threats into clear financial terms and build a more cost-effective and purpose driven cyber risk and insurance approach with our sophisticated, data analytics and cyber risk consulting. With up-to-date cyber threat intelligence, we help your business stay ahead of emerging risks and maintain an effective cybersecurity position.

Risk and insurance for multinational professional services

Managing risks and insurance for multinational organisations can be complex and challenging. Our international network team and local expertise are dedicated to providing seamless and efficient risk and insurance solutions for your multinational business. With a single point of contact for all your insurance and risk management needs, you can avoid gaps in coverage and harmonise your approach across multiple countries. We’re dedicated to streamlining your risk and insurance program so you can focus on your global business objectives.

More value from property damage and business interruption

We help you extract more value and better protection from your property damage and business interruption (PDBI) insurance by clarifying your true exposures and consolidating risk where appropriate. Get more certainty on the adequacy of your PDBI coverage with our policy wordings, property risk analytics and property risk management consulting expertise including;

• Longer term views on the impact of climate
• Global Peril Diagnostic
• Climate resilience hub

Employee health and wellbeing for professional services

We understand how the health and wellbeing of employees is crucial to the success of your business. WTW is well placed to help you assess and mitigate the specific people risks that you face. That’s why your risk partner helps you build people risk assessments and mitigation around the specific needs of your business. We offer safety and loss prevention programs plus training to enhance organisational readiness and ability to defend against claims. By focusing on employee health and well being, we help reduce the likelihood of workplace incidents and improve productivity, protecting people and profitability.

If the above resonated with your professional services business, then please do get in touch with our industry specialists.