Insurance Brokerage Services
In addition to representing the best companies and providing the highest quality products Falvay- Counihan knows that good communication through a systematic analysis which begins at our first meeting will lead to a comprehensive study of your unique business needs, concerns, and expectations. Our goal is always to minimize the hardships of your business and create the most secure environment for you and your employees by uncovering all your needs and finding the best solutions and quality protection available in the industry. We want to be your trusted advisor.
Risk Management Services
Falvay-Counihan advisors will enable the business owner to:
- Identify potential risks
- Prioritize needs
- Develop a strategic plan
- Minimize exposures
- Maximize cash flows
This process will include an exhaustive survey of various contractual, governmental, environmental risks and unique exposures of your business. Each will be reviewed and assessed to identify potential areas of concern. The determination of the financial viability of self-funding and other risk retention strategies will be explored as well as traditional risk management methods. All appropriate underwriters will be accessed to properly evaluate the activities and exposures of your business and to provide quotations and proposals on the requested coverage. This is designed with one clear objective: to enable you to have the best coverage available in today's market with reputable insurance companies of demonstrated financial strength who specialize in your business needs.
Strategies we design to meet specific needs include:
- Ascending deductible levels
- Sinking funds
- Reinsurance layering
Claims Advocacy Service
Falvay-Counihan believes that it is our fundamental responsibility to provide clients with quick claims resolution and minimize adverse consequences. Our process begins early, at renewal date contract inception by introducing insurance company personnel and claims representatives to your staff who will be involved in servicing claims. We want to promote dialogue, cooperation, and goodwill to facilitate clear communication and to create general guidelines that provide recognition of financial documentation. We seek to be aware of the role of both your employees as well as your legal advisors. Our agency operating system carefully monitors all cash inflows, outflows and deductible reimbursements and updates all parties. Most importantly Falvay-Counihan seeks to ensure that all claims are handled promptly and fairly in accordance with coverage representation and contractual provisions.
Captive Services
We have the expertise to provide our clients with objective captive options, owned or rented captive, and can implement any option that meets the insured's needs. We have no affiliation with any specific captive insurance company and our sole objective is to secure the best program for the client.
Our extensive and direct contacts within the reinsurance market give us exceptional flexibility. This enables us to provide the resources necessary to support any viable captive option. We have an extensive network of contacts to facilitate entity creation, tax counsel, banking and reinsurance administrative services in such places a Bermuda, Grand Cayman and other offshore sites.