Areas of Expertise

MAP Consulting can provide advisory services in multiple areas to help you manage risk and compliance with efficiency and effectiveness. We can also help you make sure you are asking the right questions to appropriately manage risk for your organization. Below are some of the tasks that MAP Consulting can handle for your and questions you should ask.

Insurance

  • Broker Request for Proposal (RFP) and interviews. Do you know how much your broker gets paid by each insurance company for placing your policy?

  • Review current policies and endorsements: Property, Casualty, Workers’ Compensation, Cyber Executive Lines, and other policy types as applicable to your company’s business needs. Do you know what your sub-limits and exclusions are?

  • Maintain a company policy register. What are your policy costs year over year and did your exposures change?

  • Prepare renewal/submission packages for submission. Receive carrier quotes and handle negotiations through broker/agent. What is your story and who is telling it on your behalf?

  • Maintain a company Statement of Values (SOV). What are the values and what are you insuring your assets for?

  • Allocation methodology. Why should my department pay for the other department’s bungee jump event?

  • Marketplace updates and insurance industry trends. Since when is it a hard market?

Claims

  • Appropriate and timely incident/accident reporting procedures which affect the final dollar amount of the claim, your company’s work comp experience mod, etc. Who, what when, where, and how?

  • Claims submissions, management, negotiations, and settlements. What is your claim worth and who decided that?

  • If it isn’t a claim, what is it? Proper investigation, documentation, and expense tracking are key to determining if you have the right type of coverage, deductible, policy, etc.

  • Prepare claims for discovery, coordinate depositions, discuss strategy, and work directly with the insurer to appropriately set reserves. Do you have large reserves at renewal?

  • Pursue subrogation efforts for recovery from a third party. Why is it my problem if they broke it?

Contracts and Third Parties

  • Contract language review including indemnification language, insurance requirements of parties, etc. Whose insurance is primary?

  • Review of Certificates of Insurance to ensure contract compliance. What if the vendor doesn’t have that coverage?

Other

  • Audits (all lines)

  • Insurer Loss Control

  • Safety

  • Incident Response and Disaster Recovery

  • Builder’s Risk

  • Bonds