Risk Management and Insurance Consulting Services (Partial List):

Insurance Coverage Audits/Reviews

• We will perform an insurance and risk management audit to determine overlap and gaps in coverage. This is a formal assessment where the current  policies are reviewed along with the current risk management program . This process will determine the level of program required, identify needs and make specific recommendations on policy improvements and adjustments, utilizing both insurance and non-insurance techniques that will better protect your company assets and lower costs over the long run.

Exposure Analysis and Self-Insurance Feasibility Studies

• This is a detailed analysis designed to evaluate risk vulnerabilities in the protection of assets. Risk management begins with the identification of exposures and risks - without a thorough evaluation it is difficult to determine proper risk retention, potential alternative funding and allocation mechanisms, non-insurance risk transfer options  or insurance coverage selections.

Develop Risk Profiles and Benchmarking

• We can consult on the best practices methods and approaches to developing a risk management program based on a Silo or Enterprise-wide model.

Design of Insurance Specifications for Competitive Bidding

• Tailors an insurance program to meet your needs. We will design insurance specifications of coverage to meet your unique situation and coverage requirements. We will then assist you in the marketing process which is designed to obtain the best coverage for the least cost that adheres to the risk management strategy developed to best protect your organization. 
   

Marketing Your Insurance Program

• Our professionally managed process ensures that you are getting a fair shake in the marketplace and that you obtain the best insurance products and pricing from each insurance market invited to bid on your account.
   

Analysis and Evaluation of Quotations from Brokers and Insurers

• We will analyze costs and coverage to obtain the most effective insurance program at the least possible cost. We report and review the results with you to make sure that you understand what your risk management program is supposed to accomplish, what your insurance policies do and don't do and what you are paying for.

Insurance Program Monitoring & Management

• We will manage and monitor your insurance risk management program to make certain that it is running effecively and efficently. This includes contract reviews and establishes procedures to minimize exposures. 

Claims Management & Claim Reviews/Audits 

• Leads to the development of claims reduction strategies and guidelines. Third party administrator evaluation, selection & auditing.

Insurance Certificate Programs  

• Ensures your interests are covered first.

Total Cost of Risk Evaluations, Cost Allocation Systems 

• How do you stack up against your competition and from year to year?  How does each division of your company compare to one another. Benchmark your progress from year to year.

Due Diligence Studies for Mergers and Acquisitions

• These studies will help to determine the protection of real and financial assets; past and present liability including contractual liability and JV agreements; potential future liability from prior insurance programs; letters of credit and promissory notes required on previous and current insurance programs; identify insurance products that can help to mitigate known and unknown exposures from prior operations or products; FIN 47 compliance with regard to environmental exposures. Additionally there are a number Transactional Risk Products available that can help facilitate a difficult deal to come to a successful close. Representation and Warranties Insurance is only the tip of the iceberg. Insurance and risk management advisors must be brought into the "deal" at an early stage to assist with the insurance ramifications of the transaction.

OCIP & CCIP Reviews

• Advisory role in the very early stages of these types of programs; pre-construction coverage and preparation of specifications to provide to brokers; marketing of the program; implementation of the program along with setting up administrative services and ongoing risk management services.

Sarbanes-Oxley Risk Assessment Consulting -Directors and Officers Exposures

• A review of management procedures combined with an analysis of the management liability (D&O) exposures that may be present.

Disaster Contingency Planning and Business Continuity Consulting Services  

• Proper planning for disasters can help reduce catastrophic downtime and help you to continue in business with minimal interruption.