As a business owner, you already know the price of your insurance premiums. But do you know your Total Cost of Risk?
It’s not just a finance term—it’s a decision-making tool. Understanding TCOR helps you manage your true cost of doing business, make smarter investments in safety, and position your company for better insurance pricing.
In this article, we’ll unpack what TCOR really means, why it’s more than just insurance costs, and how our agency helps clients like you use it as a strategic advantage.
What Is Total Cost of Risk (TCOR)?
TCOR includes all costs associated with risk in your business:
-
Insurance premiums (workers’ comp, general liability, auto, etc.)
-
Deductibles and self-insured losses
-
Administrative costs related to claims management
-
Legal fees and fines
-
Productivity losses due to accidents or compliance issues
-
Costs of safety programs and risk control efforts
In short, TCOR is the sum of what you pay to be in business without being blindsided by risk.
Why TCOR Matters More Than Just Your Premium
Many agencies stop at quoting the lowest premium. That’s a race to the bottom—and it often leaves you exposed.
At Innovators Insurance, we focus on reducing your true cost of risk through strategic, proactive services:
✅ Safety Program Implementation
✅ ERM & Mod Score Management
✅ Claims Advocacy & Reserve Control
✅ OSHA Compliance Support
✅ Subcontractor COI Management
✅ Risk Transfer and Contract Review
Each of these reduces your exposure, improves your operational efficiency, and positions you better with underwriters for preferred pricing.
TCOR is a Strategy—Not a Product
Lowering TCOR isn’t about finding a cheaper policy. It’s about making your business more insurable and more profitable over time.
That’s why our clients don’t see us as just their insurance agent. We’re part of their risk management team—invested in their growth and long-term success.
Let’s Start Your TCOR Strategy
Curious what your current Total Cost of Risk looks like—and how it could be improved?
📞 Schedule a Complimentary Risk Review
📄 Download Our TCOR Self-Assessment Worksheet
📧 Reach out at
You’ve worked too hard to let unmanaged risk cost you more than it should. Let’s make your insurance program work harder for you.
