(Certain details were modified to ensure that client confidentiality is maintained)
Auto Parts Manufacturer
- Location: Niagara Region, Ontario Canada
- Operations: Machining and die-casting of metal products, primarily motor vehicle components.
- Physical Assets: $15 M CAD
- Revenue: $25M CAD
- Insurance Premiums: $65,000 CAD
- Further Details: Primary Market is United States, Significant uninsured and underinsured situation
- Scope of Work: Audited existing insurance program, Set Specifications, Developed Broker profile, Tendered new program, Retained as Part Time Risk Manager and Insurance Administrator.
Niagara Falls based hospitality operator
- Location: Niagara Region, Ontario Canada
- Operations: Hotel / Entertainment Services.
- Physical Assets: $115 M CAD
- Revenue: $ 55 M CAD
- Insurance Premiums: $350,000 CAD
- Further Details: Significant increase in insurance premiums, and adverse loss history.
- Scope of Work: Audited existing insurance program, Set Specifications, Developed Broker profile, Tendered new program, Retained as Part Time Risk Manager and Insurance Administrator.
Recreation Products
- Location: Niagara Region, Ontario Canada
- Operations: Manufacturer of various leisure and recreation products.
- Physical Assets: $ 25 M CAD
- Revenue: $ 25M CAD
- Insurance Premiums: $250,000 CAD
- Further Details: Operations in domestic and foreign locations.
- Scope of Work: Retained as Part Time Risk Manager and Insurance Administrator, supervised various insurance agents and brokers,
Real Estate Holding Company
- Locations: South Western Ontario
- Operations: Owner operator of office and retail properties.
- Physical Assets: $715 M CAD
- Revenue: $25M CAD
- Insurance Premiums: $550,000 CAD
- Further Details: Client victim of “renew as is” philosophy. Previously shopped existing policies without review of actual needs, and alternatives.
- Scope of Work: Conducted Risk Management Survey, Set Specifications for insurance, Developed Risk Management Policies, Tendered Insurance Program, Retained as Part Time Risk Manager and Insurance Administrator.
Metal Products Manufacturer
- Location: Niagara Region, Ontario Canada
- Operations: Machining and casting of motor vehicle components.
- Physical Assets: $1.5 M CAD
- Revenue: $62M CAD
- Insurance Premiums: $25,000 CAD
- Further Details: Clients mainly in the U. S.
- Scope of Work: Audited existing insurance program, Set Specifications, Tendered new program,
Law Firm
- Location: Niagara Region, Ontario Canada
- Operations: Law firm, 25 plus partners, total staff 60 plus.
- Physical Assets: $3 M CAD
- Revenue: $9 M CAD
- Insurance Premiums: $ 35,000 CAD
- Further Details: Insurance program was spread out, and very uncoordinated.
- Scope of Work: Audited existing insurance program, Set Specifications, Developed Broker profile, implemented and consolidated new program.
Religious Institution
- Location: Southern Ontario, Canada
- Operations: Various churches, schools, offices and recreational facilities
- Physical Assets: $3.5 M CAD
- Revenue: $4M CAD
- Insurance Premiums: $35,000 CAD
- Further Details: Various policies by location, different insurers, different retailers.
- Scope of Work: Audited existing insurance program, Set Specifications, Retained as Part Time Risk Manager and Insurance Administrator, represented client to brokers, and coordinated the program.
Restaurant Chain
- Location: Southern Ontario, Canada
- Operations: Ethnic Restaurants, Liquor License.
- Physical Assets: $20 M CAD
- Revenue: $15 M CAD
- Insurance Premiums: $150,000 CAD
- Further Details: Client’s insurance program neglected, out of date.
- Scope of Work: Audited existing insurance program, Set Specifications, Developed Broker profile, Tendered new program
Automotive Services
- Location: Niagara Region, Ontario Canada
- Operations: Maintenance, sales, service of motor vehicles, truck and bus chassis.
- Physical Assets: $15 M CAD
- Revenue: $35M CAD
- Insurance Premiums: $65,000 CAD
- Further Details: Client insurance provided by industry affinity group.
- Scope of Work: Retained as part time insurance administrator, advising client regarding risk management awareness, procedures, working with insurance administrator.
Marine Products Manufacturer
- Location: Niagara Region, Ontario Canada
- Operations: Manufacturer of components for marine pleasure craft.
- Physical Assets: $8 M CAD
- Revenue: $ 3 M CAD
- Insurance Premiums: $45,000 CAD
- Further Details: 50% of product exported to U. S.
- Scope of Work: Audited existing insurance program, worked with broker implementing changes. Deleted low hazard coverages. Increased deductibles.
Hospitality Services
- Location: Niagara Region, Ontario Canada
- Operations: Hotel and hospitality operator.
- Physical Assets: $25 M CAD
- Revenue: $155M CAD
- Insurance Premiums: $175,000 CAD
- Further Details: High end property. Owner desired independent assessment of existing insurance program.
- Scope of Work: Audited existing insurance program. Assessing scope of coverage, reviewing terms, conditions and exclusions. Advised regarding changes to existing policies, coverages to be deleted, and also added. Amended retention levels.
Financial Services Company
- Location: Toronto, Ontario
- Operations: Insurance and Investments
- Assets: $350 M CAD
- Revenue: $75M CAD
- Insurance Premiums: $250,000 CAD
- Further Details: The board of directors determined that an independent review of their own insurance was in order.
- Scope of Work: Audited existing insurance program, Advised regarding possible alterations and alternatives, Set Specifications, Retained as Part Time Risk Manager and Insurance Advisor.