Our Products and Services
Business ventures, by their very nature, are subject to a wide array of diverse and complex exposures. To effectively protect against these ever-changing business risks, you will need to develop and maintain a meaningful risk management plan with a motivated, qualified and competent broker. As your risk management partner, Crosby Bigelow Fitzgerald will serve as an extension of your management team. Our objective is to provide your organization with the technical support and service necessary to effectively manage the risks associated with your operations.
Crosby Bigelow Fitzgerald consults on risk management issues and offers a broad array of traditional insurance products and non-traditional risk funding methodologies.
Consulting Services
Each principal partner at Crosby Bigelow Fitzgerald is a Licensed Risk Manager. We offer fee-based risk management consultation in a variety of disciplines ranging from Mergers & Acquisitions to Alternative Risk Financing to International Insurance Regulation. In addition, we can refer our partnering consultants to assist you in risk control, actuarial services and third party claims management. We consult in the following areas:
Actuarial Services
The actuarial assessment of all phases of risk including
loss development and forecasting, estimating reserve valuations,
self-insured retention studies, cost of risk allocations and
feasibility studies relating to risk retention groups, captives and
other alternative sources of risk financing.
Alternative Risk Funding
The study of non-traditional risk financing alternatives
including rent-a-captive, captive insurance, finite risk, risk
purchasing groups and capital markets.
Claims Management
The implementation and coordination of pre-loss and
post-loss claims management controls.
International Risk Management
Consultation on the global elements of investment or trade
risk in foreign countries including the coordination and placement of
regulated insurance in overseas jurisdictions.
Loss Prevention Services
Identification and evaluation of specific exposures,
hazards and risks and the design, implementation and monitoring of
programs and processes through which loss is avoided or mitigated.
Mergers & Acquisitions
Providing buyers, sellers and investors innovative
strategies and a broad range of risk management, insurance and
financial products which may help the transaction succeed.
Insurance Brokerage
Our expertise in designing, developing and marketing insurance programs is among the broadest and deepest in the industry. As your broker, we are not limited by the experience, capacity, capabilities or limitations of any one carrier. We move freely and aggressively in the marketplace to design, structure, market and negotiate the broadest coverage at the best terms and most cost-effective pricing. Described below are many of our Insurance Brokerage products:
Aviation and Aircraft Liability
Coverage for the legal liability and physical damage
arising out of the use or maintenance of an aircraft owned, leased or
chartered by your company.
Business Automobile and Fleet Coverage
Coverage for physical damage such as collision or theft of
a scheduled automobile and the legal liability arising from the
ownership, use or maintenance of an automobile.
Commercial General Liability Coverage
Coverage for the legal liability of your company for bodily
injury or property damage arising out of your premises, operations,
products or completed work and including coverage for personal injury
or advertising injury.
Directors and Officers Liability
Coverage for claims alleging the negligent or wrongful acts
of directors and officers in your corporation's service. Coverage may
be expanded to include employment related practices.
Employers Excess Indemnity
Coverage for medical expenses, lost wages, defense costs
and judgments incurred by the Texas Non-Subscriber as the result of
occupational injuries.
Employment Practices Liability
Coverage for the entity, directors, officers, partners and
employees against claims arising from employment practices such as
discrimination, ADA, sexual harassment, wrongful discharge and other
wrongful acts.
Environmental Impairment Liability
Coverage for the remediation costs and the legal liability
arising from the accidental discharge of a pollutant or hazardous
material into or onto the land, air or a body of water.
Errors and Omissions Insurance
Coverage for a variety of professions (Architects,
Engineers, Business Consultants, Real Estate Developers) against
claims alleging negligent acts, errors or omissions.
Fiduciary Liability
Coverage for the personal liability of the person(s) who
act in a fiduciary capacity for employee benefit plans.
General Partnership Liability
Coverage for claims made against general partners alleging
negligence, wrongful acts, errors or omissions.
International Insurance
Coverage for the foreign investment and trade operations of
U.S. based companies including domestic placements in the host country
with difference in conditions property and international liability
coverage to protect the U.S. assets.
Kidnap and Ransom Insurance
Coverage for the ransom demands made by kidnappers of an
insured person or extortion threats against the insured entity and the
technical and consultative services of specialty negotiators.
Medical Malpractice Liability
Coverage for physicians, surgeons, dentists, nurses and
other healthcare professionals for claims alleging negligent acts,
errors or omissions in providing professional services.
Marine - Ocean or Inland
Coverage for physical loss or damage to property,
machinery, equipment and cargo while in transit or at a temporary
location.
Nursing Home Professional Liability
Coverage for the skilled nursing facility against
claims alleging negligent acts, errors or omissions in providing
professional services.
Political Risk Insurance
Coverage for foreign operations to protect investments -
confiscation, expropriation, nationalization and trade activities -
contract repudiation, inconvertibility of currency and wrongful
calling of guarantees.
Product Recall and Product Tampering
Coverage for the cost to recall and replace product which
has been accidentally contaminated or maliciously tampered with.
Property Insurance Coverage
Coverage for direct physical loss or damage to physical
assets including loss of use and resultant loss of business income.
Coverage for direct, contingent or consequential loss resulting from a
broad array of perils including difference in conditions.
Umbrella and Excess Liability
Coverage for catastrophic legal liability claims arising
from the negligence of the insured.
Workers' Compensation and Employers Liability
Coverage providing statutory protection for occupationally
injured employees.
The forgoing is a brief overview of services and insurance policies available through Crosby Bigelow Fitzgerald. As with all insurance coverages, these policies will have certain limitations that apply to the types of exposures that are covered. The policy that you purchase will set forth exclusions for certain types of losses, limits to the maximum amount of loss and the conditions for recovery of a loss. You should read your policy carefully and consult with us if you have questions.
