Cost take-outs and rightsizing insurance policies are just the beginning
Driving operational efficiencies in a newly merged company is routine for an integration team, but risk management and insurance costs are rarely optimized. Neglecting this aspect not only incurs unnecessary costs, but reconfiguring a company often exposes it to new and unanticipated liabilities that can be catastrophic. Identifying those risks early is critical to maintaining the projected expense line of the business.
Areas of particular concern include general and public liability, products and completed operations liability, automobile and truckers’ liability, worker injury, property risks (including business disruption and contingent suppliers), cyber, intellectual property, reputational risk, environmental concerns, directors and officers, fiduciary liability, dishonesty and theft, employee benefits, aviation, ocean and inland marine and others.