Insurance Advocacy Services
Outsourced Risk Management
IAG is ready to be your outsourced risk management team, responsible to you for all facets of your insurance program. This includes reviewing current programs, claims, risks, loss picks, safety programs and renewals. We will prepare a comprehensive marketing strategy for each annual renewal, providing you with the tools needed to secure the best insurance coverage possible, at the best price possible. Whenever you have any questions relating to your insurance program, you can contact IAG with confidence that the matter will be addressed promptly.
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Evaluate Insurance PremiumsWe calculate your return on investment for use to the insurance company. IAG will help manage with your broker's Captive insurance costs. Perform risk assessment with your agent.
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Review Employment and Executive Coverages with Your AgentAre you covered by the risk? Evaluation of Executive Officer Personal Exposure Employment Practices Directors and Officers exposure Fiduciary
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Cyber Risk Exposure ConsultationDetermine your needs by giving you access to industry experts for: Loss of business revenue Ransomware Malware
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Claims Review, Negotiations, ClosureWe make sure you get what you have paid for from the insurance company, ensuring they uphold their contractual obligations. We will work with adjusters on specific claims making sure your financial interests are represented and claims are resolved to your advantage. We review claims reports periodically to ensure proper valuation and timely closures.
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Premium Audit Review/Support and NegotiationGeneral Liability, Workers Compensation We know your rights in this process and will enforce them protecting your interests.
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Contract ReviewYour customers require specific contractual language to do business with them. We review contracts with you and your legal representative to ensure your interests are protected. Specific Limits Additional Insured Waiver of Subrogation Hold Harmless Agreements Indemnification
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Merger and Acquisitions Due DiligenceWhen your business expansion calls for merger or acquisition, we provide support during the process to ensure your insurance requirements are met at the appropriate cost.
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Renewal NegotiationWe create a financial model that shows you just how much profit YOUR business generates for the insurance company. Market pricing is not what we are after, our aim is to crush the market! Our Return on Investment model shows the insurance industry how profitable in real dollars your business is to them. Rather than waiting for your agent/insurance company to tell you how much your renewal will cost; we advise them on how much you are willing to pay.
Insurance Program Review
Do you fully understand the risks presented by your business, and the insurance products available to cover those risks? Are you over-insured? Are you under-insured? Do you pay more for insurance than competitors in your industry? How much money does your broker and insurance carriers make off of your company's program? As your "advocate" IAG will answer these questions as a part of your financial team. We will undertake a complete review of your insurance program, and provide you with a detailed report of our findings.
Loss Prevention and Safety Programs
Many insurance brokers talk about their great loss prevention services. But do they provide these services to you in a way that actually reduces your risks and your claims? We have practical experience dealing with the insurance community to bring effective "Loss Control" to our customers.​
Assistance With Large Claims
When you submit a large claim to your broker, is it sometimes like dropping the claim into a black hole? We make sure that large claims are fully documented, well presented, and then we work tirelessly to get you the maximum recovery on the claim.​
Annual Renewal Advocacy
You should contact IAG 4 to 6 months prior to your annual renewal. We will evaluate your insurance program, your business risks, your loss history and your existing insurance policies. We will determine if your account should be "shopped" to various insurance companies, and will identify insurance carriers that might be interested in your account. We will then create and help you to implement a winning renewal strategy.​
Workers Compensation Experience Rating
IAG proactively manages our customers NCCI experience modification factor to be the best that it can be. The National Council on Compensation Insurance is the national bureau that promulgates your companies experience modification factor. That factor can be either a debit or credit depending on how your actual losses compare to your expected losses. The experience factor is used in the formula that calculates your workers compensation premium and therefore impacts what you pay. IAG can influence this cost.​
Captive Insurance Company vs. Traditional Insurance
IAG can handle all your due diligence needs and help you determine your most effective method of risk transfer. We can help you with the pros and cons of traditional insurance verses captive insurance company or other alternative methods of risk transfer.