Total Cost of Risk (TCoR)

There is risk associated with everything we do in life. At The ALS Group we have developed a formula to capture your Total Cost of Risk (TCoR) from a multidimensional standpoint.

We define TCoR as the total cost of your insurance premiums, losses and cost for related outside services (attorney’s, safety engineers, etc). TCoR is a quantifiable, controllable number that can be identified and reduced. Companies that implement best practices are able to identify and develop strategies to manage each of these costs.

Every dollar saved goes straight to the bottom line. The ALS Group partners with organizations to identify, manage and ultimately reduce the cost, herein, increasing your profitability.

The ALS Group TCoR


            Questions to consider:

  • Do you use this metric to evaluate how successful your risk management process is?
  • Have you benchmarked your TCoR against your peers?
  • Do you balance retention vs. premiums so that your risk cost is optimized?

The ALS Group's free whitepaper on Total Cost of Risk

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Total Cost of Risk (TCoR) - Strategies for Cost Savings Having a TCoR that is lower than a company’s peers gives that company a competitive advantage in, both, how it conducts its business and the opportunities it can pursue.

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The ALS Group - New Jersey
379 Thornall St., 9th Floor
Edison, NJ 08837
Tel: +1.732.395.4250

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