Insurance and Risk Management Services

After the latest oil downturn, a well-established custom jobshop found another niche. Their old classification did not run mirror current operations. Once proper codes were in place, they added Cyber, continuity planning, and still achieved 45% reduction in insurance premiums.

Two buildings not on the property schedule. No bailees coverage. Workers compensation policy missing admiralty endorsements. By not having to sue their agent, the marina saves $25-50k in upfront legal fees and the two years spent fact finding, depositions, meditation, and court appearances.

A Risk Manager of a General Contractor with multiple projects in progress wanted to know the pros & cons of moving from a standard construction liability policy to a Rolling Owner Controlled Insurance Program (ROCIP); how does a ROCIP effect current in progress projects; and how does a ROCIP effect current insurance.

Church finance committee lacked the expertise to bid and evaluate their current property & casualty portfolio. Buildings were undervalued, token employee theft coverage, no CYBER policy, no coverage for the day care students. Bid packets were developed and distributed to qualified agents and direct writers of church programs. Coverage was significantly improved, premiums reduced 6% […]

Board of Directors renewed year after year because that the way they have always done it. No one had ever pointed out they were well over insured. Established replacement cost valuations for structures, eliminated obscure coverages, and added Cyber. 19% savings in insurance premium over previous year.”