Commercial Insurance

 

OUR APPROACH TO COMMERCIAL INSURANCE:  

Our thorough approach to risk management goes much further than the placement of insurance.  Here is an overview of the services we provide as your insurance broker, most of which can be provided at no additional cost to you.  Our ultimate goal is to reduce your risk profile which will not only contribute to reducing your insurance cost but most importantly, reduce the likelihood of a loss which could otherwise negatively impact your organization.

Proprietary diagnostic review and audit process

SPCS will invest the time to understand every facet of your business in order to assist your team in identifying the risks your business is exposed to. We will evaluate the effectiveness of current risk management practices and insurance programs and make recommendations for improvements.

Corporate risk analysis and identification

We have a proven proprietary system for understanding a client’s business and identifying corporate risk. We will explore a spectrum of alternative strategies to minimize risk and reduce insurance costs.

Risk management service plans

Our approach is very consultative. Working in conjunction with our client, we will develop an annual service plan that sets the objectives and service expectations for the coming year and holds us accountable for our service commitments.

Risk profile improvement process

With our wealth of underwriting experience and our specialty focus, we understand your business and have the unique ability to implement procedures that will improve your risk profile in the eyes of the insurers, thereby attracting more competitive terms on your insurance program.

Insurance program design

Each client is different and has unique needs. At SPCS, we take great pride in understanding your business and will develop a customized solution that meets or exceeds your requirements.

Pre-renewal strategy sessions

We like to simplify the insurance renewal process for our clients while at the same time eliminating any element of surprise. We work closely with our clients well in advance of the renewal to develop a strategic plan of action that will achieve the best results.

Claims review process

We will conduct a thorough analysis of your claims history on an ongoing basis in an effort to identify loss trends, develop risk mitigation strategies, and achieve the proper balance between risk retention and risk transfer.

Contract review process

As part of our value-added services, we will conduct a thorough analysis of your corporate contracts (licensing agreements, employee contracts, leases, etc.) to review the critical clauses and to ensure that your insurance program is in compliance with the contract requirements. Global program design

Many of our clients operate on an international basis. With our network of global partners through the TechAssure group, we have the capability of designing and implementing a global insurance program that meets all of the regulatory requirements of each country in which business is conducted, and provides consistency of coverage and overall cost savings. Proactive quarterly reviews

Your organization faces constant change, and your insurance and risk management program needs to keep up. We schedule regular meetings with you so that we can be proactive and anticipate your needs rather than react to them. Annual management reports

We will provide a thorough annual report on the state of the market, your premium and claims experience, and our recommendations for going forward.

We can assist with the following lines of coverage:

  • Automobile Insurance
  • Automobile Fleet Insurance
  • Bonding requirements
  • Commercial General Liability Insurance
  • Cargo Insurance
  • Credit Insurance
  • Crime Insurance – Fidelity Bond Coverage
  • Cyber Liability Insurance
  • Directors & Officers Liability Insurance
  • Employer’s Liability Insurance
  • Employment Practices Liability insurance
  • Errors & Omissions Liability Insurance
  • Intellectual Property Infringement Liability
  • Kidnap and Ransom Insurance
  • Network Security and Privacy Liability Insurance
  • Property Insurance
  • Supply chain insurance
  • Workers Compensation Insurance