ICA – “The Gold Standard” of Risk Management

How Does ICA Optimize Your Insurance Program?

There are three main players that should factor into getting the appropriate commercial insurance coverage:

                 The Insurance Carrier                  

The Insurance Broker

The Independent Risk Management Consultant – ICA

ICA serves only the Insured Party (you) – on a fee basis – to identify your insurable risks, while facilitating on your behalf the broadest coverage at the best price.

If your company pays more than $100,000 in annual insurance premiums, then you would be wise to have an Independent Risk Management Consultant on your team, who never works on a contingency basis nor receives commission from the Insurer.  If you are paying that much or more in insurance premiums, the fee paid to an Independent Risk Management Consultant is money well spent.

Clients with ICA as their advocate realize the value of ICA’s professional expertise, especially now in the current “hard” insurance marketplace.  Such a value proposition is effectively delivered through ICA’s unbiased risk management expertise, thereby optimizing leverage in today’s market to maximize coverage and minimize price of the Client’s ultimate insurance program placements.

ICA’s database, resources, personnel, and specific service platforms to achieve the above results on the Client’s behalf include the following:

Insurance Program Competitive Marketing

Policy Audits for the optimization of insurance coverage, while eliminating potential coverage “gaps”

Claims Advocacy in the event of losses

Contract Review for ongoing Risk Identification and Risk Transfer

     Lastly, with all constituencies collaborating in the best interest of the Client, adding ICA to your team (effectively as an “out-sourced” professional resource to help lead the processes and protocols itemized above), your “total cost of risk” will ultimately be far better managed. 


ICA Client Testimonials

“We rely on ICA’s advice with respect to the placement of insurance policies and the transfer of risk to third party service providers.  ICA has been instrumental in guiding us through both soft and hard insurance markets.”   Binghamton Giant Market Inc.; Retail

“ICA’s services are unique; they’re not selling insurance, they’re protecting their clients and verifying the proper coverage for every possible scenario.”   Renaissance Properties; Commercial Real Estate

“We value ICA’s diligence and persistence to ensure that we have the best insurance coverage with the lowest possible premium.  Through ICA’s oversight, our risk management program gives us a competitive advantage over other real estate firms. ICA is a step above the rest.”   Berger Rental Communities; Habitational Real Estate

“I could not have possibly spent the time to review, nor would I have the background to identify the ramifications of the differences between the types of policies. That is why we bring in the experts like ICA to take the burden from us and to assure the answers are clear, correct and comprehensive.”      -Brandywine Construction & Management; Real Estate Management

“ICA partners with our in-house professional staff by offering unbiased insight into the insurance industry, which we could never obtain from a broker.  We had reached the determination that ICA is as necessary and valuable as our accounting firm and our legal counsel and we invite them to provide insight into every big risk management decision we make.”   Vornado Realty Trust; R.E.I.T.

“ICA audited our existing insurance policies, found significant insurance coverage “gaps” and then marketed our renewals and managed to cut our premium, while drastically expanding the coverage provided by the policies.”   Fleet Street Ltd.; Clothing Importer/Distributor

 Beware the Perils of Not Engaging a Truly

                                                  Independent Risk Management Consultant.


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