We were engaged to initially just review the stand-alone costs our Canadian client’s US subsidiary was incurring. We quickly ascertained that the Workers Comp element was being placed incorrectly by the existing advisors, and immediately saved the client $100k+.
We then worked closely with the Parent Company‘s Canadian Broker to put together a cross-border policy, which initially saved our client $350,000 and in the years since has saved in excess of $1m.
We continue to provide in-house technical support on a daily basis and have done for several years.
Riley Risk Resources were engaged to assist our Canadian client as they looked to expand into the US, as well as Mexico and the UK.
The client had already purchased US insurance just prior to our involvement and we were asked to review this for suitability and costs, as well as handle the Broker negotiations on the forthcoming renewal in Canada. We were able to restructure the US and Canadian insurance program with a replacement Broker, to provide one single cross-border policy, which saved our client over $100,000 In the first year alone..
We continue to work with our client as expand further across the US, South America and the UK, which involves additional expertise and technical input.
We were engaged by our client many years ago to help manage their risk exposure as they grew rapidly around the globe. Our client recognizes that they simply don’t have the technical resource in-house to handle the complex risk issues faced day to day, along with such tasks as annual policy renewals, periodic complex claims and even general corporate insurance administration with their various global Brokers.
Our client relies upon us to advise them on the exposure to risk faced every day by their multiple subsidiaries around the globe, including their operations in the US, UK, Canada, Brazil, Australia, the Middle East and Malaysia.
We remain the trusted risk consultants to this client and indeed have been for many years.
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