The Addis Process
Beyond Insurance... The Process
The Addis Process™ is simple yet revolutionary. It begins with a curiosity and desire to understand the inner workings of a business. If one does not understand a business and its issues, it is not possible to adequately perform exposure identification. Scott Addis agrees that the design and procurement of insurance is essential. However, unlike most agents, brokers and carriers, Scott Addis does not see insurance as the cornerstone of deep, long lasting and mutually profitable relationships.
The Addis Process™ utilizes a variety of techniques to identify, measure and reduce risk while enhancing an organization’s performance through non-insurance solutions. Each decision about how to manage risk is examined in light of its impact on an organization’s bottom line.
Risk Management Audit
The Risk Management Audit is the diagnostic assessment process developed by Scott Addis to empower organizations to identify, measure and prioritize their exposures to loss. Recognizing that losses vary from minor accidents to major catastrophes, the Risk Management Audit identifies an organization’s exposures to loss, uncovers the types of risks to which it is vulnerable and determines how well positioned the company is to control a loss should one occur.
Instead of starting with the traditional insurance “bidding process”, Scott Addis believes that it is essential to understand and improve an organization’s “risk profile” before negotiating the insurance transaction. This strategy leads to a more rational and efficient allocation of financial and human capital. Most importantly, it allows the consumer to understand and appreciate the consultative and diagnostic attributes of the agent or broker. The Audit offers the prospective client a “unique” experience – a process focused on identifying, measuring and mitigating risks to achieve balance sheet protection.