PROPERTY, CASUALTY AND DIGITAL RESILIENCE/CYBER SECURITY RISK MANAGEMENT

Are you a C suite leader or Controller of a company that is 200 Employees or less and who does not employ a full time Risk Manager/Insurance buyer? Or, could you or your organization benefit from lay person explanations for today’s personal and commercial technology and cyber digital resilience risk management offerings?

Do you try to run an RFP every 3 years for Employee Benefits and Property or Property/Casualty Programs because that is what your Strategic Plan calls for? Yet, you may not feel entirely comfortable with the questions you are asking of Brokers? Or that they are asking you? Has your Renewal Process become automated wherein you supply new values and then you get new rates, never an in depth review of how your business has changed and your exposures have increased or lessened?

You can’t know what you don’t know; access and awareness are key? How can you manage a Broker relationship if you do not know what choices you have? You become limited to only the choices that particular Broker puts in front of you. Maybe you think you pay too much or don’t possess clear visibility into the fees vs commission structure of your Program? In today’s Insurance and Risk Management environment, there is a lot to know and there is inherent danger in flying blind with lack of information on what you don’t know. Highly nuanced Risk areas such as: Digital Resilience, Cyber, Employers Professional Liability and Wage/Hour cover can and do exist. How confident are you in purchasing the coverage for these highly specialized Risk areas?

Perhaps you are worried about Cyber events destroying operations or wondering how many days of waiting period to take on that Business Interruption coverage? Maybe your IT and your OT departements do not communicate well? Maybe you are just a community minded Board member trying to understand your personal Director/Officer liability and where Cyber coverage starts and ends for your electronic Board communications ? Starting a JV and are not sure where to start with the additional coverages? Do you know how your Foreign Coverage and your Benefits coverage work together?

The Bottom Line — Whether you enjoy a 20+ year relationship with your Agent or Broker or you are an Entrepreneurial Start Up purchasing an Insurance Program for the first time– you will have more inside information, more negotiation power and more awareness of the choices that affect you and your company, when you talk to a consultant like those at IMS Risk Advisors. It is our job to customize you or your company’s path to Insurance… Made … Simple.