Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16With today’s slim profit margins effective risk management can be the difference between profit or loss on the year end financial statement. providing the right chemistry, our clients develop and implement management strategies that will help them distinguish themselves as well-run businesses deserving of an insurance company’s most aggressive product and pricing strategies. A well-managed business with top down management support of a risk management program is likely to have better loss results. Better than average loss results will ultimately translate into a reduced total cost of risk. A company that lacks an organized approach to risk management may be able to take advantage of some quick fixes, however, ultimately they are likely to experience claims. Above average or bad claims experience can be very costly. In addition to resulting in higher insurance premiums, it will also result in substantial hidden costs. Peter Wengrenovich Sr. Vice President, Commercial Division The marketplace for commercial property & casualty insurance remains relatively soft and competitive. While we see no significant change on the immediate horizon, some evidence suggests rising price concerns relative to workers’ compensation insurance. Many of our insurance company contacts are identifying workers’ compensation as a coverage line that could begin to experience some market tightening. Regardless of the state of the insurance market, insurance companies will reserve their best coverage and pricing for those clients they deem most desirable. As a representative of our clients, we serve as their advocates with the insurance companies. With Murray Commercial Insurance