Our name and practice embodies risk management. Even the most effective risk management process does not completely eliminate risk. Thus, the risk that one cannot afford to retain should be transferred.
The process of placing insurance is most effectively done by providing detailed information in a very professional manner to the insurance carriers. The description of the risk is important, but the most favorable pricing is attained when the underwriting community understands the risk management process that a client has undertaken. Orion prides itself in creating and demonstrating transparency between our clients and the carriers. The term partnership may be misused and overused in today’s business environment; however, labeled as such or not, the carrier has a vested interest in the risk management process.
Too often consumers view insurance companies as a utility. Orion recognizes that our carriers are investors in risk, and we are engaged to convince them to invest in the best clients. While we clearly communicate to the carrier the virtues of our clients, the carriers also rely on us to guide these clients to become better, more investable risks.
Some of the insurance coverage areas include:
Employment Practices Liability
Directors and Officers
Errors and Omissions
Alternative Risk Financing