Case Study No. 4

An association located in Washington, DC engaged us to perform a risk management audit and bid. When reviewing the professional liability policy we found that the insurance carrier writing the policy was not licensed in Washington, DC. In addition, our study revealed that neither the trustees and volunteers, nor the association chapters were named as insureds. Further review found that publications stored off-premises were not covered.

Upon completion of the risk management study, bid specifications were prepared and released for bid. Once the bids were received and reviewed the association saved 24%

Insurance and Risk Management Consultants • Not Engaged in the Sale of Insurance • Established in 1982