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Clients
We view our
clients in the light of what we've been able to do for them. Clients
of all sizes and industries, private companies and public entities,
have enriched and protected themselves and their stakeholders through
risk management. With our guidance and execution:
A pharmaceutical
firm was able to build a $180 million R&D facility on land which
was formerly a landfill. The risk of discovery of additional pollutants
was transferred to an insurer under a program we designed and negotiated
for them.
A Massachusetts
state agency redesigned their workers compensation self-insurance
program to provide for reporting and accountability that had previously
resided only in the private sector. Before our engagement their
"pay as you go" system did not have the measurement tools
to tell them where they were, much less the controls to achieve
a change in direction. Our recommendations had the potential to
result in savings in excess of $2 million per year.
A start-up
company with limited funds got their risk management strategy
off the ground and solved a nagging problem without paying a consulting
fee which would have broken the bank. They were concerned about
liability to their customers due to possible defects in their software
product, and were also concerned about a potential law suit from
a minority stockholder over alleged mismanagement of the company.
We jointly developed a risk management strategy to deal with these
issues for a flat fee of only $3500 under our Small Company/Start-up
Program.
A general
contractor solved an insurance availability crisis which would
have otherwise put it out of business. A series of claims arising
from the acts of subcontractors had impacted the GC's own liability
insurance program. A large crane accident was the last straw causing
the incumbent insurer to pull the plug. Other insurers refused to
step in at any price. The solution was a new policy calling for
indemnification from all subs and a religious adherence to the new
contract form embodying that policy. We took the newly improved
risk to the marketplace and negotiated a creative form of "loss-sensitive"
coverage under which the new insurer could be comfortable that our
client was sharing in the loss costs, thus dedicated to the new
program. Coverage was put in place and the contractor moved ahead
on solid footing.
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