With a national and global footprint, PSC Insurance Brokers have the branch network and diversity of specialists across our organisation to build an insurance program that matches the specific and exacting requirements of corporate businesses.
From the most complex requirements of an established multi-national business looking for a new perspective, to a company wishing to put in place the most effective and comprehensive program, our highly qualified and experienced team of insurance professionals can help.
Corporate Insurance Risk Management
We have the experience and versatility to provide the risk management and insurance solutions that suit the individual needs of your business.
Directors and Senior Management must be certain that any adopted risk and insurance program is suitable, effective and continues to function efficiently. In short, the balance sheet, hence shareholders must be prudently protected. We can evaluate that effectiveness and professionally report to the Board. Likewise, we can guide the Board as to their responsibilities and effective solutions from an insurance perspective.
Through our experience in developing and managing insurance programs, we also understand the importance of collective buy in by all stakeholders.
To ensure the program is delivered effectively, our service model focuses on a consultative approach with our clients and their key staff.
This consultative approach allows our clients to have involvement in all stages of establishment of the insurance program from our initial appointment, to detailed analysis of risk, through to the formal design and implementation of insurance solutions.
Get Help From An Insurance Specialist
We have numerous specialist capabilities. These provide a range of “value add” options to support your risk objectives, for example:
We can assist you to consider and understand alternative risk financing techniques and mechanisms that may be appropriate for you. These could include self-insurance; utilisation of captives; risk retention groups; retrospective rating; aggregate loss deductible plans.
Revenue and gross profit analysis review to determine the adequacy and appropriateness of insurance protection in light of actual business interruption exposures and impact on the business. These reviews address the key aspects of coverage including policy structure; declared values; limit of liability; wording implications.
OH&S regulations and liability exposures dictate that all companies adopt a Contractor Management program. We can formulate and assist implementation of the rules and procedures, as well as assume tasks associated with staff education and the necessary checking mechanisms.
Contracts impact exposure to risk, the application and effectiveness of insurance or the method of risk financing that has been adopted. We perform contract reviews and appraisals, identifying exposures and recommending solutions that address the associated risk.
Natural disasters, major losses and claims present unique problems. Our involvement in major insurance claims around the world has enabled us to develop a unique understanding and ability to formulate crisis management plans for potential disasters confronting your business and to manage the process in real time, should you experience such an event.
Whether it be an opinion as to how the insurance market functioned early on; a technical evaluation of a policy wording application; a question as to a valid claim; or other insurance matters where legal argument is necessary; we possess the knowledge to act as an expert witness.
All corporations contemplating an acquisition or merger should perform a due diligence of past and present risk and insurance programs; historic claims experience; potential for insurance related contingent liabilities; existing contracts and their indemnities and warranties; and other aspects to identify exposures and liabilities. We have developed a procedure to compliment the legal and accounting function of due diligence.
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We have local knowledge coupled with a national network of risk management specialists and access to insurance policies to match your requirements.