A fractional risk management company
Strategic Risk Management for Ski Resorts: Save Costs and Stay Ahead
The ski resort industry faces unprecedented challenges in navigating a hardening insurance market, where rising premiums, limited carrier options, and increased liability risks are straining budgets. Insurance costs have surged by 164% since 2013-14 (SAM Magazine, Sept 2024 Issue), making it one of the fastest-growing expense for resorts. Traditional loss control visits by carriers often highlight risks but leave already-stretched resort teams to implement solutions. Now more than ever, ski areas need creative, proactive insurance strategies that reduce costs while maintaining comprehensive risk coverage. Whitcomb Resolution (WR) offers innovative risk management solutions, partnering with resorts to not only identify risks but also implement effective strategies, saving one resort over $100,000 in premiums. Together, we can strengthen operations and ensure long-term success.
Redefine Equal. Let us help explore options for your resort.
With WR, resorts have a confidential, experienced specialty risk claims adjuster directly to your resort. We fill in any gaps, alleviate the risk management plan, and work as a partner so help provide your resort with more options when it comes to insurance.
How WR Saved a Ski Resort $100,000+ in Premium
The common chatter among ski resorts is the limited options of ski-based insurance carriers. The value of working with a professional claims adjuster who is well-versed in the ski industry is typically a top priority when it comes to resort needs. WR allows resorts to have more options among carriers by filling in the gaps from a carrier who lacks ski industry knowledge. One resort made the move to switch carriers and hire WR to handle its guest resolution and become a fractional risk manager, allowing the resort to save over $100k in premium (after the costs for WR services).
What WR can provide, from a General Liability perspective:
Confidential Operational Snapshot (similar to a loss control visit)
Collaborative efforts to resolve exposures identified in the snapshot visit
Continued support and assistance in executive exposures
Availability for consult, pre and post-incident
Handling guest resolution and claims, as they arise
Communicate with insurance carriers, attorneys, and other 3rd parties
what is a Fractional Risk manageR?
A fractional risk manager (FRM) is an experienced professional in the risk management field that can organize, educate, and help facilitate risk management efforts at your business - at a fraction of the cost of a full-time hire.
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In a recent CNBC article, it showcases "how fractional hiring create a paradigm shift in the workplace"
benefits of a fractional risk manager
Experienced Professional
With a background as a specialty risk claims adjuster for both major ski insurance carriers, we bring unparalleled expertise in understanding and mitigating liability risks. Our experience includes investigating complex claims, collaborating with insurers, and implementing proactive risk management strategies to reduce costs and improve insurability. We have a deep understanding of the specific risks ski resorts face, from chairlift incidents to high-risk activities like zip lining and mountain biking. By integrating risk transfer strategies and enhancing carrier relationships, we help resorts navigate the hardening insurance market while ensuring long-term operational resilience.
Personalized Plan
No one knows your resort’s operations better than you do. We collaborate closely with your team to develop tailored risk management strategies that address the unique challenges of the ski industry. This includes implementing guest education and warning systems, identifying risk transfer opportunities, and providing clear action plans for handling guest incidents, claims, and lawsuits. By combining your operational expertise with our risk management and claims experience, we create solutions that prepare your resort for the unexpected while enhancing overall operational outcomes.
financial savings
By hiring WR as your Fractional Risk Manager, ski resorts gain access to an experienced specialty risk claims adjuster who works confidentially and cost-effectively. This approach allows resorts to bridge any gaps left by insurance carriers, offering expert support without the overhead of a full-time hire. WR’s strategic guidance provides options within the insurance market, enabling resorts to save money while optimizing their risk management strategies. With WR’s tailored solutions, resorts can navigate a hardening insurance market more effectively and reduce overall expenses.