Advocacy – Premier Risk Management

RISK SERVICES ANALYSIS

TRANSACTIONS SERVICES

EMPLOYEE BENEFITS

HUMAN CAPITAL

EXPERT WITNESS

When you DON'T HAVE an insurance advocate, you experience:

LOSS OF CONTROL: are you Buying or being Sold insurance
LACK OF CONSISTENCY: does the broker see the entire landscape
LACK OF ASSUREDNESS: see the dangers lurking ahead
LACK OF COVERAGE: insurance policy protect you or your carrier
LOSS OF TIME: distractions from core business
LOSS OF MONEY: are you spending insurance dollars wisely

When you HAVE Premier Risk Management, you get:

ADVOCACY: buy insurance; don’t get sold
CONSISTENCY: appreciate the entire landscape of risk and exposure
CONFIDENCE: ensure needs are met as business changes
CONFIRMATION: know what the insurance policy protects
MORE TIME: free up C-level time & focus on core business
STUNNING INSIGHT: know WHAT you are buying
AVOID COSTLY HIRING: no need to hire an internal risk manager
ACCURATE RECORDS: just a phone call away

TRANSACTION SERVICES

Development & Growth

Premier provides Transaction Services on a variety of levels; whether you are a business that is growing and looking to acquire a business, creating a Joint Venture or transacting at the Fund Level. Our resources and expertise help private equity through all phases of development and growth. Services provided by Premier for private equity includes M&A due diligence, post-acquisition integration and portfolio due diligence.

Premier engages both sides of the transaction in discussions to ensure that the technical details of the insurance needs are clearly understood. We assess the merits or pitfalls of proposed insurance alternatives by doing this we bridge the insurance needs during the acquisition or pre-development process.

Our M&A Services provide an analysis of the target’s business operatio and its existing insurance contracts to establish how accurately the insurance coverage reflects the true risk of the target’s business environment. Premier also assess whether there are any risk exposures that are not properly insured or financed which may represent a real risk to the business post-acquisition. Deciding which acquisitions will create shareholder value depends on the rigor and quality of due diligence performed on the transaction.

Premier will assess the impact of the acquisition on the buyer’s insurance program in terms of change-in-control, synergies and insurance risk management structure, as well as collateral. During the M&A process Premier combines the transaction services with providing support for the insurance coverage placement to increase efficiency and communication during the acquisition.

EMPLOYEE BENEFITS

Employee Benefits

Employee Benefits
Employee Benefit Assessment

Companies are under tremendous pressure to control health care costs, communicate plan features and ensure compliance while offering a competitive plan. Often, the staff already overburdened with administrative activities cannot focus on strategic planning.

Premier’s benefit consulting practice is uniquely positioned to provide your company with innovative & cost-efficient solutions.

You Save . . .

with a thorough analysis of your current benefits program and recommendations on a multi-year strategy yielding
both operational and financial improvements.
Analyze current plan design and employee plan elections to determine their impact on employer cost.
Review plan documents for compliance with state and federal guidelines including HIPAA, FMLA, COBRA and PPACA
Conduct specific industry and geographic competitive analysis.
Review and advise with reference to third party administrator agreements and assist in selection of third party administrators.
Review scope of claims utilization to develop a cost containment program.
Evaluate the effect of incentive programs in conjunction with Wellness Programs in order to further reduce claims costs.
Assist in purchasing specific and aggregate stop loss insurance.
Evaluate the current contribution schedule to determine it‘s impact on employee participation.
Determine viability of offering voluntary benefits to supplement or replace employer paid benefits.

HUMAN CAPITAL RISKS

Human Capital Risk Practice

Human Capital Risk Practice

Premier Risk Management, LLC has established a Human Capital Risk Practice providing consulting and related services to companies of all sizes.

Consistent with the Premier Risk Management business model, the Human Capital Risk Practice offers access to a wide range of “best in class” professionals with deep knowledge and expertise in delivering practical solutions to business challenges.

Our team provides analysis and counsel on programs such as:

Tax Advantaged Programs, Business Planning & Estate Planning including
Restricted Property Trusts – Conservation Easements – Irrevocable Life Insurance Trusts
Leveraged Credit Shelter Trusts – Grantor Retained Annuity Trusts – Annuity/IRA Conservation
Split-Dollar Life Insurance – Family Limited Partnerships – Qualified Personal Residence Trusts
Asset Protection Strategies – Private Financing Arrangements – Long-term Care Insurance
Charitable Planning (personal and corporate) – Buy/Sell Arrangements – Key Person Planning
Split-Dollar Life Insurance – Non-qualified deferred Compensation – Long-term care insurance
Disability Income Protection – Spousal Lifetime Access Trust – Executive Bonus Plans
Supplemental Executive Retirement Plans – DBO Plans

EXPERT WITNESS

Insurance/Risk Management Expert Witness

Insurance/Risk Management Expert Witness
Lines of Insurance Include

R. Scott Wolff, CIC, CRIS is qualified to assist attorneys with his expertise in property and casualty insurance coverage, insurance company and agency custom & practice, insurance company and insurance agency disputes, insurance agency management, professional responsibility of insurance agents & brokers, agents errors & omissions, insurance policy analysis, claims administration and his overall knowledge of the Standard of Care expected of an insurance agent when placing coverage on behalf of their clients.

Commercial property, commercial general liability (premises operations, products & completed operations), umbrella & excess liability, business interruption/income, inland marine, ocean marine, crime coverage, business automobile, directors & officers liability, employment practices liability, workers compensation, flood and earthquake, intellectual property, Internet & E-commerce coverage.

RISK SERVICES

Service	Description	Key Benefits
Exposure Analysis	We will conduct a complete examination of your organization by identifying and analyzing your exposures and evaluating your risk management and insurance program.	This will identify and quantify what you do, what you stand to lose in case of loss, and what is needed to adequately and cost effectively protect your assets.
Risk Management Audits	This is designed to evaluate any deficiencies of coverage that may need to be addressed. In addition it will inform you of potential gaps in coverage with respect to your business operations.	Assurance that your risk management program is up to current standards and benchmarks and that best practices are being followed.
Marketing Assistance	We develop and implement marketing strategies ranging from single-vendor renewal negotiations to formal multi-vendor bid processes. We design customized specifications, proactively manage the renewal process, evaluate proposals, and negotiate on your behalf.	Eliminated coverage gaps, duplications; improved cost efficiency; reduced overall cost of risk.
Loss Review and Analysis	Loss data will be examined on a regular basis and analyze the historic trends.	This can determine possible trends and potential anomalies. A loss pick will be determined for self insured retention and if reserve funds are appropriate.
Collateral Analysis & Negotiation	Review & Negotiate currently held Letter of Credits or newly required.	Ensures collateral requirements are in check and being returned appropriately.
Determine Suitable Risk Management Design	We work closely with our client to determine what risks should be retained, transferred or avoided. We then advise on risk management practices specifically suited to the individual client’s exposures and needs.	Controlling losses and improving organizational performance go hand-in-hand. We take the time to understand each client, their individual circumstances, and special needs. There are no generic organizations and Premier offers no generic risk control solutions.
Loss Control Services	We assist in developing safety programs, train key personnel in accident investigation and claims procedures, negotiate claim reserve amounts with insurance companies, and develop strategies to bring claims to prompt, equitable settlements.	Ensure you are maximizing the loss control services from your insurance carrier. Assurance that best practices are being followed and reduced overall cost of risk.
Integrate the Safety Program	Cultivate a proven risk improvement process into the client’s organizational culture by placing emphasis in two particular areas: Education & Participation	Education and training improves knowledge transfer and increases awareness. We ensure that responsibility and accountability for loss prevention performance remains within the organizational structure of the client.
Disaster Recovery and Loss Contingency Planning	We can assist in the development of a formal written Disaster Recovery & Loss Contingency Plan.	Ensures that your business is ready to continue operating even at the face of adversity and minimize risk of unexpected loss.
Due diligence for Mergers & Acquisitions	Business is every changing whether looking to acquire a business or create a Joint Venture.	We can present a due diligence report providing a scope of the operations with a cost benefit analysis.
Total Cost of Risk Assessment	We will establish a “Total Cost of Risk” assessment and review premiums, deductibles levels, and claim projections.	This is used to gage progress from year to year in all aspects of you risk management program.
Ongoing Risk Management Support	We provide continuing advice and risk management services, such as annual policy renewal and endorsement review and contract and business operations, to make sure your insurance program addresses your changing needs.	Ready to provide support and advise on a daily basis from knowledgeable and experienced risk management professionals.