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RISK AND INSURANCE ADVISORY

INTECH provides expert risk management advisory services to a wide range of companies and industries, covering all classes of risk.

 

Our success lies in our ability to uncover potential risk exposures and advise our clients on the most cost-effective and appropriate course of action to support the organization’s overall business strategy.

 

As our clients’ outsourced risk management department, and in many cases, as the main advisor on independent projects, INTECH has a fulsome view of the client’s insurance program and ensures our clients are appropriately insured and their risks mitigated, wherever possible. 

LET'S DISCUSS YOUR NEXT PROJECT

FOCUS AREAS

Retainer Services

Continuous risk management support and guidance, overseeing insurance program and prioritizing the best interests of the client. Clients benefit a team with 50+ years of combined experience and valuable connects INTECH have built in the insurance industry. 

Development of Risk Management Strategy

Closely work with the client to develop and implement risk management protocols, including but not limited to claims reporting procedures, and domestic water emergency response plans (“DWERP”).

Facilitating Independent Studies

Obtain independent quotes from risk engineers to conduct Probable Maximum Loss (PML) / Maximum Foreseeable Loss (MFL) studies at the insured locations.

Contract Reviews

Review contracts to confirm the insurance provisions align with industry standards and protect the interest of our client.

Request for Proposal ("RFP") for Broker Services

Act as advisors when drafting and issuing RFP documents to proponents, establishing evaluation criteria, reviewing written responses and providing a high-level analysis of responses to our client. Coordinate interviews with proponents to further discuss proposal contents and assist with the transition to the successful proponent.

Procurement of Construction Insurance

Provide recommendations for insurance brokerages that are best suited to the client’s project. Work alongside the broker to obtain the underwriting information from the client and make a recommendation for coverage.

Renewal Negotiations

Gather underwriting material for upcoming renewals, negotiate with the broker for the best terms and pricing and provide recommendations for binding. Participation in renewal strategy meetings, presentations of terms as well as regular touchpoints with underwriters. 

Insurance Program Review

In-depth reviews of client’s insurance policies to confirm coverage aligns with industry standards, there are no gaps in coverage and make recommendations for enhancements.

Compliance Reviews

Review insurance program to the insurance provisions of any agreement in place (E.g. Lease Agreements, Credit Agreements, Construction Services Contracts) to confirm insurance is compliant.

Third-Party Insured Tracking

Insurance certificate tracking for properties insured by a business partner, ensuring accurate representation on the insurance policies as Additional Named Insured, Mortgagee, etc.

Drafting of CCDC Requirements

Draft insurance requirements for material construction agreements, confirming the insurance provisions are in line with industry standards and protect our client’s best interests.

Presentations and Training

Participation in presentations on various topics including the presentation of renewal terms to risk committees and recommendations for policy enhancements to board members. 

Benefits of Outsourced Risk Management:

Expert management of insurance matters

Bridge the gap between the insurance buyer and broker

Advise on the best-in-class coverage and pricing

Quickly respond to non-compliance issues

Rapidly adapt to changes in the insurance market

Mitigate the risk of uninsured losses

Manage transactions quickly and efficiently

Team of risk managers for a fraction of the cost 

PROTECT

OPTIMIZE

EVOLVE

Leading provider of Independent Insurance and Risk Management Consulting Services.
Ready when you are, wherever your business takes you.

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