Managing risk starts here. Surprisingly, few agents truly provide a quality review of your current program and risks. It’s not what’s covered, but rather, what’s NOT covered that you are worried about. Our insight is clear, and easily contrastable; a great place to start.

Most claims work smoothly and the insurance company is proactive and helpful. However, as an insured you may not realize the full extent of the loss on your business. You may have access to services and indemnity you didn’t realize were available. Cothrom is there to assist and help you understand the benefits of your policy.

Complex industries and risk bring complex claims. Although the best method of ensuring coverage rests in quality design of the insurance contract, the intricacies of litigation can lead to disputes in coverage. We are here to help you understand the issues at hand. We work on your behalf to reach a favorable coverage settlement.

For some, contractual risk transfer means the assumption of liability and an increase in threat to their cash flow and balance sheet. For others, there is ample opportunity to reduce threat to the business by transferring risk downstream. And finally, there are those for whom contractual risk transfer cuts both ways.

Insurance is an expensive method of addressing threats to your financial stability compared to contractual transfer. Let us help you understand where you can improve your financial security without added cost to your budget.

Cothrom does not offer legal advice. Cothrom provides an understanding of how insurance may respond to your contractual obligations and provides discussion points for you to address with your attorney.

Most businesses have reviewed and implemented various loss control safety procedures. Although they are certainly a key component of good work comp risk management, let us show you other methods to impact the severity of your claims.

Strong and consistent claims management support, separate from the carrier, will ensure your employees receive efficient medical care and return them to productivity as quickly as possible. It will also limit the ability of fraudulent claimants to take advantage of the system.

Cyber policies include significant duties when a cyber event occurs. Does your IT department understand those responsibilities? These policies also come with resources that an IT department can use to provide services without having to increase your budget. Cothrom will help bring stakeholders together to implement a cohesive cyber response plan.

Our best fit are growth oriented companies who are transitioning from buying insurance to a strategic approach to addressing risk. As their risk management grows and matures, we help them evolve through large deductible / captive feasibility studies. Already there, but not sure your insurance company or captive has provided the unbiased data you need? We’re glad to help you take an independent look at retaining risk.

Whether the world is getting smaller or technology’s reach allows for longer reach, more businesses need to address risk from a global footprint. Starting with helping you meet foreign compulsory insurance requirements and following through to a cohesive global design, Cothrom (and its global TechAssure partners) will provide you peace of mind when addressing global threats.

Group benefit plans can get an employer in hot water considering the numerous statutes and governmental agencies which oversee them. Cothrom can assist you in ensuring you are compliant with:

• ERISA
• ACA
• COBRA
• FMLA
• IRS
• DOL

Creating meaningful benefits programs that help a company recruit and retain talent is more than just providing quotes. Do you have a strategic plan with defined goals for your benefits program? When it comes to rising costs, not all organizations are following the same trend. Has your broker provided a strategy to keep your costs below the curve for the future?

Although insurance continues to evolve and become more complicated, its core coverages still play an important role in protecting a business.

• Property Insurance
• Commercial Auto
• General Liability
• Excess Liability
• Crime

Food products with short term implications or implantable medical devices with the possibility of claims 20 years down the road? Mundane kitchen faucets? Bounce houses? Or critical automotive parts?

Where are your parts sourced? Who is doing your third party independent testing? Preparing for FDA clinical trials? Heavy products liability risk is not as clear cut as it may seem as first. We have the expertise to help.

Workers’ Compensation is more than just a class code and a rate. How a carrier partners to handle claims can have a significantly larger role in your expenses and future premiums than a few percentage points in rate or a slightly larger dividend plan.

Let us show you how insurance carriers make a larger difference in cost than you realize.

40 years ago, fire loss was a major fear when it came to cash flow threats. Today, companies are valued on, and revenue is driven by, their intangible assets. Your services drive cash flow. A failure in your service causing financial harm to your client would impair your cash flow and threaten your balance sheet.

As with E&O coverage, 40 years ago, fire loss was a major fear when it came to cash flow threats. Today, companies can’t do business without their IT systems. Orders can’t be shipped. Applications can fail. Private information must be secure. Threats from both inside and outside could result in impairment of cash flow and the balance sheet.

Most insurance protects the corporation. D&O insurance protects you. It protects you from potentially losing your personal assets as a result of your actions on behalf of the company.

Do you understand the importance of sufficient Side A excess coverage? Does the D&O policy for a life science company have a carveback for shareholder suits related to bodily injury? How far does knowledge of occurrence extend? A few key executives or all insureds?

What are the questions you need to be concerned with? We can help you with that.

40 years ago, fire loss was a major fear when it came to cash flow threats. Today, companies are valued on, and revenue is driven by, their intangible assets. Your Intellectual Property is the life blood to your organizations. Unfortunately it is the life blood to both competitors and the dreaded patent trolls (non-practicing entities).

Few agencies are prepared to help you understand this threat, and more importantly how to protect against it. We are here to answer questions and give you insight into today’s risk.

Life science companies create amazing innovation. As you progress from R&D, to phase 1, 2, & 3, and on to regulatory approval and product launch, you need unique insurance. No matter how well planned the protocol and informed consent, clinical trials liability protects both your bodily injury and potential financial risk.