Foresight Risk and Insurance Services

Foresight Risk and Insurance Services' Specialization

Foresight Risk and Insurance Services specializes in workers' compensation insurance, catering to safety-critical industries such as construction, manufacturing, agriculture, and landscaping. By covering over 660 class codes, the company offers extensive coverage options tailored to the unique needs of these sectors. Their approach is distinguished by the integration of proprietary risk management technology and a holistic safety engagement strategy, significantly contributing to reducing workplace incidents and driving down business costs. This focus ensures that policyholders benefit from comprehensive coverage and enhanced safety practices.

Foresight's Safesite Technology

Central to Foresight's service offering is their proprietary risk management technology, Safesite. This digital platform provides a suite of features designed to enhance workplace safety, including inspections, checklists, audits, safety meetings, incident reporting, and hazard management. Safesite's effectiveness is evidenced by a 17% average reduction in claims frequency, as reported in an August 2023 actuarial study. The platform also includes the patented Safesite Score, an award-winning tool that tracks and promotes safety behavior, helping companies to maintain high safety standards and reduce incidents over time.

Foresight's Safety Success Management

Foresight Risk and Insurance Services distinguishes itself with a dedicated Safety Success Manager for each policyholder. This role involves providing no-cost safety coaching and in-the-field technology support, ensuring that clients have the resources and guidance needed to maintain safe working environments. The Safety Success Manager works closely with clients to implement customized safety strategies and monitor their effectiveness, contributing to significant reductions in workplace incidents and enhancing overall safety culture within the organization.

Foresight's Partnership with QBE North America

Foresight partners with QBE North America, writing policies on select QBE entities’ paper. This strategic partnership leverages QBE's robust underwriting capabilities and financial strength, ensuring that Foresight's clients benefit from reliable and comprehensive insurance coverage. By collaborating with QBE, Foresight is able to offer competitive pricing and enhanced benefits, further supported by their data-driven pricing model that integrates proprietary safety technology and external data sources. This partnership underscores Foresight's commitment to providing high-quality, cost-effective insurance solutions.

Foresight's Client-Centric Approach

Foresight Risk and Insurance Services adopts a client-centric approach, emphasizing a streamlined model and personal touch. Unlike traditional insurance providers, Foresight eliminates call centers, offering direct and efficient communication channels. Their tech-driven approach to underwriting and claims ensures faster turnaround times, enhancing the overall customer experience. By focusing on personalized service and leveraging innovative technology, Foresight delivers a comprehensive workers' compensation experience tailored to the needs of safety-forward companies, ultimately fostering long-term client relationships and improved safety outcomes.