OUR SOLUTIONS

A TAILORED CONSULTING RELATIONSHIP FOR EVERY CLIENT

 

You are choosing to collaborate with us; therefore, we want to identify the highest and best use of our services to supplement your organization. With discussion and review, our team will gain a foundation of your organization’s exposures and risk profile. We also look to build rapport with your team while learning your style and business preferences. Whether it is our method of communication, level of oversight versus advice, amount of in person time, format of end deliverables, or overall appetite for risk, we continuously try to tailor each client relationship.

We will serve as a resource to supplement your internal risk management team by providing the following:

 

IDENTIFICATION OF RISKS

  • Analyze all insurance quotes and/or existing insurance policies in place
  • Identify areas of improvement for immediate action or on future renewals
  • Determine non-insurance methods of mitigating risk such as contractual transfer to a third party

ENSURING ADEQUACY OF PROTECTION

  • Eliminate gaps in coverage, maximize savings opportunities, and remove duplicate coverage
  • Procure reports to analyze and interpret data from wind, flood, and earthquake modeling
  • Evaluate pricing and limits of coverage, providing feedback on industry benchmarks
  • Address pertinent issues preemptively

INSURANCE POLICY REVIEW

  • Perform in-depth policy review for intent, content, and accuracy
  • Provide feedback as to adequacy of limits and coverage, as well as price
  • Ensure all endorsements and certificates of insurance are issued appropriately

CLAIMS MANAGEMENT

  • Manage claims handling process as needed
  • Confirm appropriate parties and policies are responding to claims

ACQUISITIONS & DIVESTITURES

  • Provide risk management due diligence during acquisition and divestiture of properties/projects
  • Assure client’s protection and streamline closings
  • Spearhead review of quotes/proposals from master programs and partner programs
  • Procure separate quote options to help secure coverage for closings and refinancing as needed
  • Negotiate partnership/managing member and lender insurance requirements

INSURANCE COSTS ANALYSIS

  • Analyze and provide recommendation on insurance premiums, broker fees, and other costs
  • Compare market pricing by geography, square footage, occupancy type, construction type, etc.
  • Identify client risk tolerance, loss history, and other factors

CONTRACT & LEASE REVIEW

  • Drafting or reviewing insurance verbiage and requirements within contracts and leases
  • Drafting or reviewing indemnity provisions in contacts to assure proper transfer of liability to third parties
  • Confirm necessary language exists to trigger maximum coverage within clients’ and third parties’ policies

EXPERT CONSULTATION

  • Deliver prompt response to questions and issues as they arise
  • Present and discuss ongoing risk management topics and strategies
  • Utilize numerous key connections in the industry to access additional expertise

FACILITATE RENEWALS

  • Oversee complete insurance renewal process, including broker selection if warranted
  • Orchestrate carrier meetings and lender discussions well in advance to produce strongest results
  • Negotiate coverage terms and pricing, as well as binding large master programs
  • Maximize our leverage, expertise, and sophistication to achieve the best options available
  • Coordinate certificate issuance, premium allocations, and distribution of invoices
  • Summarize options with appropriate context to allow you to make informed business decisions

EQUITY INVESTMENT ADVISORY SERVICES

  • Review insurance, indemnification, and other applicable provisions of JV and other agreements
  • Identify exposure and provide suggested applicable insurance exhibit language
  • Satisfy contract compliance by making necessary coverage changes, enhancements or clarifications
  • Conduct insurance review to assure investment protection
  • Identify any payment and performance bonds or subcontractor default insurance programs
  • Facilitate speed and certainty of close, provide coverage summary and closing packet

DEVELOPMENT & CONSTRUCTION RISK MANAGEMENT

  • Provide risk management experience specifically related to large ground up development projects
  • Structure insurance programs properly to address nuanced risks of construction
  • Eliminate gaps in liability coverage while removing costly coverage duplication
  • Preemptively address common risk management issues in early stages before problems occur
  • Draft customized insurance contract language specific to your project
  • Review contracts and insurance for contractors, subcontractors, consultants, and suppliers
  • Ensure all necessary contract and insurance coverage, enhancements, and clarifications are in place
  • Identify any payment and performance bonds or subcontractor default insurance programs