Insurance Procurement>>
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Insurance procurement, often referred to as insurance brokerage, includes functions and responsibilities traditionally related to the placement of insurance and structuring of insurance programs. Effective procurement requires a combination of ingenuity, market awareness, technical knowledge, experience and relationships. It’s closer to an art than a science. Our firm provides the sophisticated consulting, transactional and support services necessary to help you decide when and how to transfer risk and how to effectively manage retained risk.
We believe a successful program begins with a close partnership between client and broker. By thoroughly understanding your business, we can present your company in the best possible light to insurance underwriters. By thoroughly understanding your philosophy toward risk management, we can design a program with the most appropriate risk/reward scenario. During the initial dialogue, we identify your needs and expectations, so we are sure to meet them.
Our marketing philosophy is to present your risk accurately and favorably to the insurance market. We encourage you to participate in the procurement process, because we believe this approach helps you develop relationships with the carriers that have long-term benefits for you.
Our team maintains relationships with carriers and underwriters both domestically and globally, which are based on trust developed over decades of cooperative interaction. Underwriters are much more apt to provide the best terms possible to professionals they trust. This trust is not developed overnight, but instead is gained over a long period of time. We make the best use of the global marketplace to obtain the most advantageous terms, conditions and pricing for you.
To learn more about a particular line of coverage, please click on one of the links below.
- Property
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- “All Risks” for Property and Loss of Income
- Windstorm
- Flood
- Earthquake
- Difference in Conditions
- Windstorm or Earthquake Deductible Buy-Back
- Mortgage Impairment
- Equipment Breakdown
- Casualty
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- General Liability
- Product Recall
- Automobile
- Worker’s Compensation
- Umbrella/Excess Liability
- Environmental
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- Environmental Impairment Liability (EIL)
- Environmental Clean-Up And Liability (ECL)
- Real Estate Environmental Liability (REEL)
- Lender Environmental Collateral And Protection Liability Insurance
- Securitization Collateral Protection And Environmental Liability Insurance
- The Borrowers REEL Program
- Asbestos In-Place
- Executive Risk
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- Directors and Officers Liability
- Employment Practices Liability
- Crime
- Fiduciary/ERISA Liability
- Kidnap and Ransom
- Errors and Omissions
- Inland Marine
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- Builder’s Risk
- Stock in Transit
- Contractors Equipment
- Stock Throughput
- Cargo
- Fine Arts
- Cyber Risk Liability
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- Business Interruption
- Cyber Extortion Loss
- Digital Asset Loss
- Security Failure Compliance Expense
- Terrorism - Stand Alone Coverage
- Coverage for both U.S. Government Certified and Non-Certified Acts of terrorism.
- Foreign
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- Foreign Commercial General Liability
- Foreign Business Automobile Liability
- Foreign Voluntary Comp/Employers’ Liability
- Foreign Travel Accident & Sickness
- Foreign Commercial Property
- Marine Ocean Cargo
- Foreign Commercial Crime
- Kidnap & Ransom/Extortion
- Political Risk
- Coverage designed to protect physical assets, ownership rights, contractual rights or creditor rights against losses that can result from various political risk perils including nationalization.