My insurance “Due Diligence” services support different stages of the lending, acquisition or ownership process.
Transactional Due Diligence – I bridge the legal environment and the insurance and risk financing insurance needs during the acquisition or pre-development process.
Ongoing Due Diligence – “things happen” that adversely expose my clients’ collateral during a project’s life cycle. I act as a resource by independently monitoring insurance or alternative risk financing programs, identifying deficiencies and helping resolve them before situations get out of control.
Compliance Review Services – through customized audits, I evaluate a project’s current insurance protection and document an insurance program’s compliance against requirements contained in executed agreements. I identify deficiencies and prioritize actions that restore protection of my clients’ collateral.
I provide the best value when I’m brought into the picture before agreements are signed, though I’m not shy about jumping into the middle of a process to help it resolve successfully.
Benefits of Using Me for Your Insurance-Related Due Diligence Needs:
- I know commercial transaction processes intimately.
- Cut through the clutter to what is real and reasonable protection during the frenzy of closing a transaction.
- Get quick responses and the right answers to the right questions at the right time!
- Get nimble – and organized, services; things change, and so do we…but I don’t lose track of the end goal.
- I deliver customized results; whether your project involves a single facility or a large portfolio of multiple entities, I report only what you need, when you need it and within your budget.
- I bring expert knowledge to the table and effectively collaborate with legal counsel and deal makers.
- I am an independent expert without ties to insurance companies or brokers.
My Transactional Services Include:
- Engaging both sides of the transaction in discussions to ensure that the technical details of the insurance, or risk financing needs of the deal, are clearly understood.
- Assessing the merits or pitfalls of proposed insurance or risk financing alternatives.
- Bringing creativity and peer review to the deal or project, and assisting in the design of the risk financing program.
- Exploring answers to questions about collateral protection. For instance,
- What kinds of liabilities exist from current ground leases that might affect a joint venture’s control of its own insurance and risk financing program?
- What are the appropriate concerns when considering alternatives to contractor payment and performance bonds?
- Analyzing contracts and collaborating with clients to design effective insurance requirements for ground leases, joint venture agreements, and construction contracts.
