Issue?

Leadership concerned whether they are properly insured despite long relationship with insurance agent, particularly due to festival’s live music and fireworks display and enormous risks to spectators?

Action?

We perform an exposure and coverage analysis, evidencing that the Liability insurance purchased has previously unknown, absolute exclusions in case of any claims from live music and/or fireworks

Outcome?

Proper insurance is arranged … Client’s relationships with national sponsors, as well as its own finances, are protected

Issue?

Parent company questions the seemingly excessive premiums?

Action?

We perform an analysis of the rating classifications and discover, and advise insurance company accordingly, of a single, significant error

Outcome?

Client sees annual insurance costs reduced by $200,000 … plus receives refunds from prior years in excess of $1,200,000

Issue?

CFO initially facing annual increase of over $70,000, despite favorable claims experience, was told “it is just the marketplace”. Reliant upon Medicaid and private donations (rather than health insurance reimbursements), is the new cost affordable?

Action?

We arrange an RFP and a new provider steps in with the same protections at a cost lower than the prior year

Outcome?

Hospital saves over $75,000 (in midst of pandemic)

Issue?

Client desperately needs professional guidance but with agent and insurers unresponsive for two months after loss, what do they do?

Action?

We engaged with insurers and agent to work toward recovery funding for damaged buildings and assets, stolen inventory and cash, as well as replacing incoming revenues

Outcome?

Expedited recoveries exceed $900,000 and rebuilding underway

Issue?

Reputable insurer and agent both unable to comprehend and respond to magnitude and complexity of the claim, family needs comparable housing, and home rebuilt, and wonders how to proceed?

Action?

We analyze all coverages applicable and guide family in negotiations with insurance company and emergency contractors

Outcome?

Within three weeks, insurer issues payments for over $2,000,000 and is also paying the $15,000 monthly rental expense on their temporary home during what may be two years of reconstruction

Issue?

Client’s agent had formerly proposed insurance coverage but the cost was prohibitively expensive at $75,000 annually and advised no lower premium was possible. How could the business afford the necessary protection?

Action?

We re-designed the insurance underwriting application process to partner with insurers so that risks could to an extent be shared

Outcome?

Appropriate insurance was procured by the agent for the business at an annual cost of $12,000 … $63,000 less than originally proposed

Issue?

Client is shocked to receive an audit premium bill for $60,000 more than anticipated and insurer refuses to correct apparent error. Client asks why would this happen if our business has been constant … and how may we fix?

Action?

We perform complete analysis of exposures, risk transfers and classifications and outline the findings for the insurer

Outcome?

The insurer correctly waives the $60,000 extra charge