A large group formed by merger into one-multistate specialty medical practice (over 800 doctors) having multiple insurance plans. The newly formed company sought risk management cost savings while creating a platform for aggressive acquisition. The current risk management programs (primarily medical malpractice) were different in terms of cost, coverage, insurer, and brokers with varying processes and loyalties inherent in each. Senior management wanted uniformity, cost savings, and improvement in coverages allowing for aggressive growth. They also wanted a full audit of all coverages to ascertain what needed to be done to achieve their goals.
UIC, Inc. was retained to review each risk management/insurance program, align best practices, seek cost savings, and provide best-in-class coverage, which could be used both for attracting new medical professionals to existing practices and to accelerate future growth.
With UIC, Inc.’s involvement, the following results were achieved:
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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