We have heard and witness a long list of questions, issues, challenges or simple old-fashioned obstacles for business decision-makers when it comes to insurance.

The following may represent a scenario or quandary you face in your business:

My Broker has told me that I have the best insurance… but how can I validate this assumption or belief without jeopardizing my relationship with the Broker or Carrier?
We always have a bigger fire or priority in our business, but as the Owner / Decision-maker, that doesn’t sit well with me… how can I determine when and how I can make time to evaluate our risks, relationships and coverages?
I have no shortage of calls from other Brokers who want to quote my business… but how do I find the time to entertain these calls and/or figure out who I should (and shouldn’t) entertain?
My insurance program coverages and limits have been the same for quite some time, but my business has changed / grown / diversified… how do I identify and reconcile the differences and what should be changed?
Our insurance Agent is my [pick one] my boss’ best friend, my old roommate, my neighbor, investor, etc. and as a result, it is hard for me to challenge or validate our current process and structure… how can I get a ‘second opinion’ without disrupting these relationships?
As an Executive and/or Officer in the company, I have a spectrum of Fiduciary obligations to the company, its employees, our clients, even our banks… how does insurance fit into this and what actions could I or should I consider to support my role as a Fiduciary?
My role as an Officer or Director in my organization concerns me… how can I be personally exposed to potential litigation and/or allegations from my action (or inaction) at my company?
Insurance spend is always an obvious line-item in our books, but there seem to be accounting, finance, borrowing/collateral and general business planning implications… what are the ‘connecting points’ and how can I explore potentially favorable options and ideas for the business?
We are thinking about buying or selling a company, but we are not sure of the insurance and risk management implications or the potential affect on the valuation… what else should we be doing or considering to best protect and maximize the transaction?
Every year we go through a process that never seems to generate any major improvements, differences or even accrued knowledge… what should we consider doing differently so we don’t experience ‘groundhog day’ every year?

You and your organization may benefit from a consultant. Contact us and we can explore your needs together.

“ “We started working with Phoenix Risk Advisors in early 2016. Since then, we have reduced our insurance costs while improving our insurance coverages. The education via training and discussions have increased our knowledge of our policies and the industry requirements. PRA has also negotiated contracts on our behalf to make sure the contract requirements and insurance policies are in alignment. We are very thankful for our business with PRA and look forward to our future relationship.” Malini G., Maryland-based Engineering Company
”

We have heard and witness a long list of questions, issues, challenges or simple old-fashioned obstacles for business decision-makers when it comes to insurance.

The following may represent a scenario or quandary you face in your business:

My Broker has told me that I have the best insurance… but how can I validate this assumption or belief without jeopardizing my relationship with the Broker or Carrier?

We always have a bigger fire or priority in our business, but as the Owner / Decision-maker, that doesn’t sit well with me… how can I determine when and how I can make time to evaluate our risks, relationships and coverages?

I have no shortage of calls from other Brokers who want to quote my business… but how do I find the time to entertain these calls and/or figure out who I should (and shouldn’t) entertain?

My insurance program coverages and limits have been the same for quite some time, but my business has changed / grown / diversified… how do I identify and reconcile the differences and what should be changed?

Our insurance Agent is my [pick one] my boss’ best friend, my old roommate, my neighbor, investor, etc. and as a result, it is hard for me to challenge or validate our current process and structure… how can I get a ‘second opinion’ without disrupting these relationships?

As an Executive and/or Officer in the company, I have a spectrum of Fiduciary obligations to the company, its employees, our clients, even our banks… how does insurance fit into this and what actions could I or should I consider to support my role as a Fiduciary?

My role as an Officer or Director in my organization concerns me… how can I be personally exposed to potential litigation and/or allegations from my action (or inaction) at my company?

Insurance spend is always an obvious line-item in our books, but there seem to be accounting, finance, borrowing/collateral and general business planning implications… what are the ‘connecting points’ and how can I explore potentially favorable options and ideas for the business?

We are thinking about buying or selling a company, but we are not sure of the insurance and risk management implications or the potential affect on the valuation… what else should we be doing or considering to best protect and maximize the transaction?

Every year we go through a process that never seems to generate any major improvements, differences or even accrued knowledge… what should we consider doing differently so we don’t experience ‘groundhog day’ every year?

You and your organization may benefit from a consultant. Contact us and we can explore your needs together.

Do you need our help?