Q: Are you acting as an insurance agent or broker?
A: No we are acting as your consultant. We do not sell insurance, we do not receive commissions or profit sharing from an insurance company.
Q: Who will be acting as my agent or broker?
A: You will have an insurance agent or broker acting as your representative to an insurance carrier. We will not be representing you directly to the insurance carrier.
Q: Can I continue with my current insurnce agent or broker.
A: Yes you can.
Q: Can you arrange for competitive proposals from other agents.
A: Yes we can. We will contact agents that specialize in your industry. You can refer agents to us that contact you during the year.
Q: Consulting Fees
A: The fees charged are negotiated in advance and will only include the services you select. Insurance Risk Management Consultants charge hourly rates ranging from $125 to $250 or more per hour. Our low overhead enables us to be very competitive. Click on this link for more information: Pricing
Q: Can you assist us with "Risk Transfer Programs"?
A: Yes, we will show you how you can transfer liability contractually, where appropriate.
Q: Can you help us with loss control programs?
A: Yes, we can work with your current program or start a new one for you.
Q: Can you explain the difference between the Workers Compensation plans of the State Fund, Safety Groups, Trusts and Loss Retention Programs.
A: Yes, we can compare and explain the pros and cons for you.
Q: What are risk funding alternatives?
A: Risk Funding Alternatives:
Deductible Plans
Retrospective Rating Plans
Self Insurance Plans
Captive Studies
Q: What is "Risk Management"?
Q: What does a sample Engagement Contract include?
A: Business Consulting Document -coming
Q: Can you act as my insurance agent?
A: Our objective is to act as your insurance consultant as outined on this web site. We do have the ability to act as your agent, however, that is not our objective.
Q: What experience do you have in the insurance industry?A: We have extensive experience in insurance carrier underwrting, loss control, rating and coverage analysis, policy forms and endorsements, certificates of insurance and claims handling, program marketing, and general business experience and advice.
Q: What are some of the problems that can occur during the renewal process?
A:
1.You try to obtain a competitive review and proposal but are unsuccessful as you do not have the time or expertise to devote to the process.
2. The result is that you continue with the status quo and have an uneasy feeling that you let another year go by without the outocme you desire.
3. Broker of Record letters.
4. You cannot obtain your loss experience in time. And, when you do have the loss run you see large loss reserves. They need to be addressed.
5. The proposals come in late or not at all.
6. You cannot compare the differences in proposals.
6. You are not obtaining the best coverage and price due to your loss experience and or loss conrol program.
7. Your certificates of insurance and ID cards are late or in error.