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Mr. Toms has
established the Risk Management Departments at three “Fortune 500”
companies. He has conducted business in 38 countries building risk
management techniques and strategies for the subsidiaries in those
countries. To do this he had to understand the customs and the culture of
the people in the countries so that meaningful techniques could be
implemented.
Mr. Toms
distinguished himself by using creative solutions to problems. His first
risk management position was with a “high tech” company. His first major
problem when he started the RM department was the lack of insurance
companies that were willing to insure “high tech”. Mr. Toms corrected
this problem by conducting a free one day seminar for insurance
underwriters in which over 70 attended. This education of the underwriters
provided a cost effective insurance market.
While
insurance is a nice thing to have, you never want to have to use it. The
event that causes the insurance to respond will cause more disruption to
an organization that what you will recover. Using Risk Control techniques
to prevent and mitigate damage by covered perils is a preferred strategy.
Mr. Toms has applied his creative solutions to Risk Control. He has used a
low cost change in shipping materials to reduce transit thefts and lost
shipments. Using state-of-the-art fire detection equipment reduced the
response time of a clean room fire suppression system from 35 minutes to 5
seconds and changed a fire in a clean room from a company disaster to a
controllable event. He has used proper ergonomics to turn work related
injuries into productivity improvement.
Experienced
at loss management, Mr. Toms has directed the settlement of all types of
claims from auto claims to the most difficult employee theft claims, large
and small. He has directing successful litigation against insurance
companies that improperly denied the payment of claims. He has established
preferred healthcare providers for Works’ Compensation claims which save
the company money and returned the injured worker to the job quicker. Mr.
Toms developed a litigation management system for Workers’ Compensation
claims that allowed better communications between client and attorneys.
All of these activities have proved to be cost effective to the
organizations.
Mr. Toms is
versed in all methods of risk funding. He has self-insured workers’
compensation insurance and has formed insurance purchasing groups. He has
established Captive insurance companies and managed them. Mr. Toms has
worked with underwriters to develop more complete coverage for political
risk, professional liability, global insurance, and Director and Officer
Liability. He has applied risk management techniques to various types
business. By managing losses and mitigating risk, clients were able to
reduce their insurance cost and have a more reliable trouble free
operation.
Mr. Toms is
an author, lecturer and teacher of global enterprise risk management
techniques and principles. He has his Bachelor of Science Degree from San
Jose State University in Risk and Insurance Management.
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