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| BID Services |
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Loan / Financing Due Diligence: Review of your loan client's risk profile and insurance coverage to protect your interest in the collateral from exposure to fortuitous loss. BID takes the lead in eliminating issues, initiating policy documents, and communicating results on your behalf. Experience indicates that about 65% of files have inadequate coverage/documentation one year after closing. We identify the differences and help bring your loan documents back into compliance quickly, securing your collateral once again.
Merger & Acquisition Insurance Consulting: Perform risk management reviews of pending mergers, acquisitions, portfolios, bankruptcies or difficult loan restructuring. The BID process has been perfected by completing a thousand reviews a year for the past ten years with major financial institutions, big six accounting and some of the top corporate law firms. Insurance Program Consulting: BID will review yours or your client's entire insurance portfolio or any specific program to assess exposure, and assure adequacy of coverage and limits. Risk transfer vs. retention analysis will be performed to determine the optimum financial structure for your company's risk profile. Captive Insurance Company Consulting: Risk analysis and assessment to determine the feasibility of funding a wholly-owned captive, rent-a-captive, or association-owned-captive facility. Analysis will include coverage form, financials, regulatory, domicile, legal, tax, and ownership structure issues. In addition, a reinsurance market and pricing evaluation will be an integral part of the analysis. Premium Finance: Premium financing is available at competitive rates for one policy or combine several policies into one bill. Conserve cash flow by converting any annual premium into a schedule of monthly payments. All commercial policies are eligible. |
