Corporate Insurance Audits
Most organizations are unaware of the "fine print" in contracts. An independent insurance audit is necessary to protect your organization, employees, directors and officers. There are hundreds of exclusions and terms and conditions that organizations should review, many of which should be modified and or removed if possible. IAC provides you with a comprehensive customized report of your coverage, including an executive summary, summary of your insurance coverage, insurance recommendations, loss prevention techniques and a glossary of insurance terms.

Request for Proposal/Bid Specifications
In order to maintain the lowest possible premium, you should obtain outside competitive bids every 3 years. Bid specifications prepared by independent insurance professionals assure that your organization will have the optimum coverage at the lowest possible cost. This is particularly true in today’s marketplace when insurance premiums are increasing and coverages are being restricted.

IAC prepares and facilitates the Request for Proposal (RFP) and bidding process. We have an extensive document that establishes the parameters and conditions for the RFP. It also includes the necessary underwriting data and the appropriate coverage with the broadest possible terms and conditions. All agents receive a copy of these specifications along with a coverage checklist, which they are required to complete.

In addition also prepare a detailed bid analysis outlining the proposals presented by each agent, create an overview of the findings and provide you with clearly defined recommendations.

Contractual Agreement Review
Reviewing business contracts such as equipment and building leases is critical. We ensure that you are not in breach of contract in terms of the insurance requirements. We also review how broad the hold harmless agreements are as well as verify whether a waiver of subrogation clauses was established.

Claims Analysis
Reading insurance company loss runs can be difficult. We prepare a clear and concise claims analysis detailing the date of loss, description, claimant, amount paid, reserves, amount incurred and whether the claim is open or closed.

Disaster Recovery and Business Continuity Planning
We assist organizations in developing the proper policies and procedures in the event of an unfortunate tragedy such as a fire. Some of these include planning and preparation, emergency response, damage assessment and recovery from a disaster.

Employment Practices
Our new division, IAC Employment Practices, develops employment policy and procedure manuals. This service is ideal for organizations that need assistance in developing new employment practices or want another opinion on their current employment practices. Some of these practices include: sexual harassment policies, discrimination policies and drug testing procedures. An attorney reviews all services performed by IAC Employment Practices.