- Mechanical Breakdown
- Real Property
- Business Personal Property
- Business Income and Extra Expense
- Earthquake & Flood Insurance (DIC)
- Inland Marine
- Supply Chain Management
Orion offers consulting services to help our clients evaluate the property exposures in their business and develop appropriate insurance solutions. Once we identify the property and limits that need to be insured, we market comprehensive applications to obtain the proper insurance including the terms, conditions, and pricing. After placement, we coordinate any necessary loss control service to help mitigate loss. In the unfortunate circumstance of a loss, we manage the claim process to ensure you receive the benefit of the coverage you purchased.
Real property is the physical structures of the buildings in which you conduct business or lease to other companies. The first key to a successful insurance program is to ensure that the real property is correctly insured. Second, the loss control services can help prevent losses. Lastly, proper claims handling can help ensure that your operations can restart as soon as possible after a loss occurs.
Business Personal Property
Your Inventory, fixtures and equipment are essential to your business operations. Orion works with you to design the appropriate coverage to ensure you are back up and running in the event of a loss.
Business Income and Extra Expense
Choosing the correct limit for business income and extra expense insurance is crucial to surviving a major loss. Statistics show that 50% of businesses that incur a major claim go out of business within 18 months. One of the most important steps is completing a business income worksheet to determine the correct amount of insurance to purchase. Doing so can make all of the difference to restore your business to the pre-loss level.
Earthquake & Flood (Difference in Conditions)
Earthquake and flood coverage is often ignored since losses are unpredictable and relatively uncommon. However, the costs of claims can be devastating to a company’s business and to entire industries. Orion can provide the coverage you need at the most competitive premium available in the marketplace.
Property in transit and contractors’ equipment are great examples of the types of exposures covered by inland marine insurance. Such property is essential to a business supplying its product to customers or in the performance of its work. Adequate insurance and a comprehensive safety program are crucial in protecting these important business assets.
Supply Chain Management
One of the hottest topics in risk management today is supply chain management. The global nature of our business world has created exposures that companies did not face in the recent past. Exposures, including weather and politics in foreign countries, can impact a company’s ability to operate because unforeseen events can disrupt the delivery of supplies or products.
It is important to have a business continuity plan in place to get your business up and running as quickly as possible after a loss. Business continuity planning helps companies identify alternate means of producing its product or supplying its services so it can keep its customers. Orion can help you create an effective plan to mitigate the effects of natural or human disasters.