FAQs

As organizations adapt to changing business conditions, management at both well-established and emerging companies continues to ask challenging questions, such as:

• Do our property/casualty insurance policies cover everything they should insure?
• Have we properly identified and measured our exposures to loss?
• Are we receiving the appropriate level of service from our insurance service providers such as our broker(s), claim service providers, insurance companies and other vendors?
• Can we obtain better service by conducting a competitive placement of our property/casualty programs?
• What is our capacity to retain risk, and could we benefit?
• Have we adequately identified and assessed our risk exposure in negotiating a purchase or sale of a business or division?
• Will we recover from the insurance company everything we are entitled to as a result of a large property claim?
• How can we save money?
• How does our organization’s risk management program compare to others within our industry?
• Do we need to consider business continuity and kidnap-ransom Plans?
• Should we be considering alternative risk financing techniques such as a captive insurance company, self-insured pool or trust, or perhaps using the capital markets to finance risk?

For answers to these questions or others, contact Ken Maher at 610.205.6116.