Risk Assessment
Chorda begins with a low cost organizational Risk Assessment that evaluates current and projected costs in three key areas: legal expenses, indemnity (settlements and verdicts), and insurance. The Risk Assessment also includes an analysis of documents reflecting current procedures for early resolution of conflict involving employees, customers, and business partners. Based on analysis of these data, the Chorda Risk Assessment report presents findings on financial exposure and a preliminary return on investment (ROI) projection associated with implementation of system improvements.
Organizations can use the Chorda Risk Assessment in consultation with actuarial consultants, auditors, and the Chief Financial Officer, in order to set self-insured retention (SIR) amounts and excess insurance coverage.
Customization Blueprint
Following the Risk Assessment, Chorda can create a customization blueprint that provides a plan, task list, and budget for improving the early resolution capability of the organization. The customization blueprint allows organizations to integrate Chorda online tools, skills training, procedures, and support into ongoing operations in a way that honors the unique requirements of specific organizational cultures.
For more information, contact:
Kathy Stewart
800-856-5570 ext. 12
kstewart@chorda.com
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