Success Stories
Success Stories
Established Local Tavern: Closed Property Coverage Gaps
After a lack of response from their current agent regarding the cancellation of their Liability Insurance 10 days before renewal, we were called in to assess the situation. We learned that the reason for cancellation was unjustified but we replaced the liability coverage which made the most sense. Upon further review of the existing property insurance, we discovered that wind was excluded and there was no business income loss coverage. For a slightly lower premium, we placed the property coverage including windstorm and business income loss coverage.
Two months later the business was destroyed by Hurricane Irma. After the storm we worked diligently to assist with resolution of a difficult claim process, but prevailed allowing the business to rebuild, replace the lost income for two months and resume operations. Without our interventions, the business would have closed and a legacy ended.
Non-Profit Housing Assistance Organization: Integrated Program
A diversified statewide organization that was expanding horizontally and vertically and poised for rapid growth had a temporary "piecemeal" program placed by the previous agency. We evaluated and assessed their needs for today and for the anticipated changes coming tomorrow. We then built a risk profile that we presented to several niche insurance markets that offered integrated programs designed for this type of organization. We successfully placed Professional and Per Location General Liability, multi-location property, Director's and Officer's, and Employment Practices liability along with dozens of ancillary supplementary coverage elements at a premium that was lower than the current program. At the same time, as more locations are added, the cost will be linear where as the previous coverage was increasing in cost exponentially.
Large, Rapidly Growing Contractor: Total coverage overhaul
After seeing this contractor's employees on one of my client's job sites, I was impressed with their professional work and equipment. I made a visit to their office and let them know that I wanted to work with a quality company like theirs managing their risk and insurance. As it turns out, the current agent had essentially abandoned their rapidly growing needs and upon evaluating their operation and current program, it was obvious they were in dire need of expert counsel, service and an experienced professional. The coverage improvements we initiated immediately even resulted in significant premium reductions and the removal of many limitations on important coverage. Needless to say, they are very grateful for our immediate attention and responsive service as well as our focus on their specific needs. We also provided support in their recent appeal of their workers' compensation audit that could provide them significant premium relief.