POOL
ADMINISTRATION
Pool Members:
How RiskConsole Can Help
At the most basic level, members
rely on their pools to secure
coverage. Member needs mirror
those of administrators, but from
a different perspective. Members
can access RiskConsole, provided
by administrators as a value-added
feature, in these important areas:
• Entering and updating exposures:
RiskConsole empowers members
to communicate their exposure to
the pool efficiently and accurately,
whether detailed information
on a property exposure or
summary information for workers'
compensation coverage.
• Receiving and processing invoices:
RiskConsole streamlines member
receipt of contribution statements
(the member cost of transferring the
risk) from the pool administrator.
• Requesting letters of coverage:
Through RiskConsole, members can
enter letters of coverage criteria for incoming
certificates as well as request letters of
coverage from the pool administrator.
• Reporting claims: For members actively
involved in monitoring claims and working
with TPAs on those claims, RiskConsole
helps members track the financials of a claim
as it pierces the different levels of financial
responsibility.
• Participating in loss-control initiatives:
For members participating in safety and
loss-control initiatives, RiskConsole is an
efficient conduit for managing these mutually
beneficial programs.
