A warehousing, logistics, and transportation company had acquired multiple competitors in the past decade, subsequently becoming one of the largest third-party logistics companies in the United States, with gross revenues of more than $1 billion.Prior to UIC, Inc.’s involvement, the company’s risk management program consisted of property, liability, workers’ compensation, E&O, and ancillary lines, which were purchased on a commodity basis to fulfill customer obligations.
UIC, Inc. performed an independent risk management review and was provided complete access to senior management and all appropriate information. Within several days, the UIC, Inc. team was able to provide a comprehensive report on how to structure the risk and insurance programs. The structure was designed based on analyses of coverage and benchmarking against companies of comparable size and operation. UIC, Inc. proposed a strategy, which, if properly executed, would provide superior coverage at lower costs.
With UIC, Inc.’s involvement, the following results were realized upon renewal:
UIC has been and continues to be the leading mining consultant designing its first bespoke manuscript property policy in 1984 for Dome Mines Group.
UIC has provided its consultative services to the largest marina operators in the world and currently advises over 175 marinas.
UIC in the past several years has provided its contract review, risk strategy, and sourcing for various construction projects from 1 billion dollar commercial office building and hotel and convention centers to the latest multi-use residential and commercial in New York City.
UIC has been instrumental in establishing the proper Risk Management foundation for Biotech companies in their early stages.
UIC Inc. was retained to provide an independent risk management audit and was given complete access to all requested information.
The commercial property insurance market is witnessing a challenging landscape characterized by capacity limitations, rate increases, and ...
Security breaches are prevalent in all industries and often go undetected and wreak havoc for extended periods. These breaches not only cause irreparable reputational damage but also have signiﬁcant monetary considerations in the form of class-action lawsuits.
At UIC, Inc., our team represents a new paradigm in the insurance market—a truly independent consultant providing our clients with the guidance, knowledge, and resources to negotiate the right amount of coverage while minimizing premiums.
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