Our Risk Management Services

Cecil W. Powell & Company has the ability along with 80 years of industry experience and relationships to effectively accommodate the risk management process.


A captive insurance company is a company formed by a particular business to provide insurance coverage for that business’ assets. The captive is funded by and is controlled by its owner/company. Captives may be used to insure a wide variety of lines of business for its owners, such as professional liability, commercial auto, employer’s liability, product liability, and property damage.

Group Insurance Programs

Group or association captives are insurance companies established and capitalized by a group of businesses to underwrite and insure their own collective insurance risks. In addition, many trade associations form and fund association captives to underwrite and insure risks of the members of a particular trade association.

Large Deductible Programs

A Large Deductible Program is a cash flow insurance program that allows the insured to retain a portion of each loss through a substantial deductible and to transfer onto an insurer losses in excess of that deductible. The insurer adjusts the losses falling below the deductible and is reimbursed for these losses by the insured.

Retrospective Rating Plans

A rating plan that adjusts the premium, subject to a certain minimum and maximum, to reflect the actual loss experience of the insured. Retrospective rating combines actual losses with graded expenses to produce a premium which more accurately reflects the experience of the insured. Adjustments are performed periodically, after the policy has expired, based on actual paid or incurred loss data.

Self Insured Programs

Self Insured Programs allow an insured to pay for losses that occur. The monies that would normally be used for premium payments are used for payment of losses. Self-Insurance allows the cash flow benefits of unpaid loss reserves and also offers the possibility of reducing expenses typically incorporated within a traditional insurance program. It involves a formal decision to retain risk rather than insure it and is distinguished from noninsurance or retention of risks through deductibles, by a formalized plan or system to pay losses as they occur.

Third Party Administration

A firm that handles various types of administrative responsibilities, on a fee-for-services basis, for organizations involved in cash flow programs. These responsibilities typically include claims administration, loss control, risk management information systems, and risk management consulting.


A claim review is a useful tool in ensuring that claims are handled appropriately by insurance company adjusters and third party administrators. In a claim review, the insured meets with the adjuster(s) to discuss selected claims and typically includes the current status of the claim, appropriateness of reserves, and plans for future handling. One of the main purposes of the review is to establish that adjusters have a grasp of the cases they are managing and that they are accurately executing the insured’s claims management strategy.

Loss Control

Loss control involves loss prevention and loss reduction. Loss prevention means taking steps to prevent an accident from happening. In contrast, loss reduction involves minimizing the results of an accident once it has occurred. Both loss prevention and reduction are important considerations when developing an safety plan, though preventing the occurrence of an accident in the first place is the optimal loss control goal.