Property & Casualty Insurance
Companies today face tremendous exposure to their business in all areas including; property, employees, and liability from third parties. Orion works with our clients to design the proper coverage portfolio to protect their business and minimize their long-term cost of risk and insurance.
The first step is to identify exposures through a risk analysis, facility tours and a comprehensive risk assessment. We learn about your business in order to develop a risk profile. Then, we review your current insurance program to identify any missing coverage and determine how to best insure your business.
Next, we discuss your risk tolerance and goals and explore coverage options. The coverage design can include a discussion of program types including; guaranteed cost, large deductible, retrospective rating, captives, and self-insurance. We conduct a thorough marketing analysis to choose the insurers that can provide the coverage, service and competitive options to meet your goals. We create a compelling application to truly ‘showcase’ your company to the underwriters in order to convince them to offer their best pricing, terms and conditions.
Next, we negotiate with the insurers to create the best combination of coverage, service and premium. Then, we meet with you to review the proposals well before the effective date in order to place the chosen coverage with the respective insurance companies. The real value emerges when we implement the customized service plan to help you manage risk and improve your risk profile as your company grows and evolves.