REORGANIZATION AND BANKRUPTCY SUPPORT SERVICES
At a time when cost cutting is in order, ICA helps the Client evaluate its risk management and insurance program with a critical eye in establishing the minimal insurance budget with the maximum protection.
Through our Reorganization and Bankruptcy Support Services, ICA has provided invaluable assistance to many companies facing this difficult hurdle, and oftentimes this service aids and provides the Client with the wherewithal to escape the constraints of bankruptcy and return to financial stability. Accountants and attorneys who have Clients facing bankruptcy often refer their Clients to ICA for assistance in seeking the replacement of cancelled insurance or to find insurance when the Client’s own efforts to obtain coverage have failed.
For any company facing bankruptcy, adequate insurance protection may become unavailable, yet the necessity is greater than ever. By comparing what insurance you have versus how much you need to adequately protect your company, ICA can seek to return some unnecessary premium dollars to the Client. ICA can also evaluate what risk transfer mechanisms can be installed to shift risks and costs to third parties, which may allow the suffering entity or company to get back on its feet once again.
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See Below for How It Works:
The risk management program includes an audit which will comprehensively define your exposure and current in-place protection. ICA will recommend modifications to current insurance coverage or additional coverage for previously uncovered risks. The result will be a balanced, cost-effective insurance portfolio, matching coverage level with risk.
Assist client through bankruptcy proceedings to minimize the outlay of premiums and optimize the recapture of outstanding claims.