Risk Management Solutions

Risk Transfer and Certificates of Insurance

Often times, you are working with third parties with higher risk profiles that could in turn increase your risk. While it’s necessary to work with third parties, you don’t have much control over their risk. But, you can build a strong risk management plan that includes a process for ensuring the third party has the correct insurance coverage and that your contract with them properly transfers the appropriate amount of risk to them.

• Contract Compliance Review
• Client/Subcontractor/Vendor Prequalification Process
• Insurance and Indemnification Requirements Review
• Certificate of Insurance Review

Analytics and Data Insights

We select the right data and put our proprietary analytical tools to work to better understand your risk. With this information, you can feel more confident in your decision making. Drawing data from our extensive Global Benchmarking Portal, actuarial and statistical analyses, financial analysis, and decision modeling, we can help our clients better understand their risks, evaluate alternatives, and, ultimately, reach the best decisions with the data and analyses to back them up.

Claims Management

We have respected relationships with clients, carriers, and vendors that allow us to escalate your concerns and solve problems. A local, hands-on approach with national resources helps us both understand a situation more fully and engage appropriate resources to achieve the best client result possible. You’ll have access to a claims consultant to help you file a claim and with continued claims support.

Safety Services

The reality is, simply being compliant doesn’t necessarily ensure that your employees get home safe each night. That’s why we’ve developed consulting programs to help your organization commit to a culture of safety – working safely, all day, every day.

With over 100 years of combined safety experience, our robust safety team is comprised of OSHA-authorized construction and general industry instructors, a registered nurse, an industrial hygienist and some of the best safety professionals in the industry today. Through our team’s unique experience in the field, we are keenly aware of the operational processes and potential exposures that companies in high-risk industries face – and as a result, have formulated superior safety services for our clients that are second to none.

Cyber Insurance and Consulting

We assess your company’s cyber risk and help you build a proactive risk management plan that includes improving ransomware controls, calculating risk transfer limits, providing insurance coverage, education, and consulting.

Cyber policies also include business interruption insurance in case a cyber incident impacts the service of your network or a network you rely on to do business. We understand that every moment is valuable to your business and work diligently to ensure our clients are properly compensated when revenue is lost due to a cyber incident.

Surety

We provide surety bonds for even the most difficult of risks, often reducing costs—giving your company the freedom to build more, faster. Our tenacious market approach often enables us to solve complicated surety problems at a moment’s notice.

You can count on Marsh McLennan Agency to take a strategic approach to surety.

• Competitive rates
• Competitive indemnity packages
• Maximum bond capacity
• Industry benchmarking
• Clear, detailed service plans
• Agreed upon information flow
• National market representation
• Bank, CPA, and legal counsel partnerships

Mergers & Acquisitions Due Diligence

In Mergers & Acquisition (M&A) situations, exposures to risk are heightened. When one company acquires another or two companies merge, the combined organization can take on the risk of all entities involved. It is important to identify and quantify all risk exposures so they can be effectively mitigated.

We know the timing of these deals is critical, but the right coverage can be even more important. Our experienced M&A Team works with our clients, no matter what the deadline, to identify previously overlooked exposures and design tailor-made insurance programs to meet the specific needs of the consolidated organization.

Our unique approach to M&A Insurance includes identifying the various exposures that can impact the transaction, evaluating the adequacy of the target company’s coverages and safety programs, quantifying exposures to loss and providing options for risk transfer or risk financing. This in-depth approach is designed to protect your assets and give you broad coverage at the best price.

Captives

As the traditional insurance market continues to harden, we are at a pivotal point where it’s important to be proactive in exploring other risk transfer options to manage, finance, and transfer risk.

KAIROSSM Culture Risk Program

Risk begins and ends with people. And the culture you develop can attract or deter the people you want. Our KAIROSSM Culture Risk Program is designed to identify sustainable and effective means to improve the culture of your organization with risk mitigation ingrained in everything your employees do, every day.