BMBRisk reviews clients’ business contracts to evaluate compliance with insurance requirements contained in such contracts and to render a risk management opinion as to the appropriateness of indemnity clauses and other risk transfer mechanisms. If requested by client, Legal Consulting may engage in contract negotiations pertaining to insurance and indemnity provisions on client’s behalf.
We assist clients in creating and revising legal documents prior to engaging their attorneys. Savings to the clients through lessened legal costs may be substantial.
A Legal Consultant can address key contract administration and risk management personnel to heighten awareness of vital commercial insurance, contract, and various risk management issues.
Random sampling of Certificates of Insurance provided by clients’ subcontractors and vendors provides tangible metrics to clients’ managerial level personnel to ensure that insurance protocols are being followed by subordinate employees. This service is also vital to ensure that our clients are availing themselves of all coverages provided by subcontractors and vendors to minimize uninsured or self-insured risks.
A comprehensive insurance and risk management analysis highlighting past performance and future objectives. Stewardship Reports feature aggregate data from Claims, Legal and Loss Control, as well as market forecasts of the insurance industry.
Legal Consulting works in concert with all other departments and divisions of BMB, with particular focus on assisting the Claims Department when coverages disputes arise, our Loss Control department in responding to contract related requests from carriers, and the Commercial Insurance Marketing department in the negotiation of suitable insurance policy language and endorsements.