Given the risk and insurance complexities involved with any merger, acquisition, or divestiture, Corporate Risk Consulting, Inc. has developed services to assist such clients before, during, and after any such organizational events.

Regardless of whether the event is an equity transaction, or simply a purchase of assets with no assumption of liabilities, the failure to recognize any number of risk management issues could very easily allow for unexpected liabilities to arise.

One of the main goals of our merger and acquisition risk management review is to identify any such unusual property and casualty exposures that may pose a financial risk of loss to our clients.  Once our review is completed, we are better able to ascertain what risks should be assumed, retained, or insured against.  Moreover, our clients are also then in a better position to know whether or not any modifications should be made to the purchase or sale price due to such findings.

As with all of our services, complete confidentiality and objectivity is assured.

Our merger and acquisition risk management review will typically consist of the following items:

   •  Required Items Checklist: We will develop and provide a check list of information that will be required for review.  Such items may consist of copies of insurance policies, schedules of insurance, internal incident logs, workers’ compensation experience modification worksheets, OSHA reporting forms, insurance company loss runs, environmental reports, lender requirements, and specific risk management-related questions.

   •  Transaction Agreement Review: We will review the transaction agreement in its entirety regarding matters pertaining to risk management and insurance.  Some of the areas that we may advise on are products and operations liability, environmental matters, workers’ compensation, indemnification and hold harmless clauses, and other insurance-related clauses, to name a few.

   •  Analysis of Locations, Exposures, and Operations: We will advise as to how these may affect our client’s future insurance premiums and coverage availability.

   •  Global Claim Review: We will review all claims and incidents filed under all lines of insurance in order to locate any potential hidden liabilities from any self-insured plans, retentions, or retrospectively rated programs.       Conversely, we will also review any such claims for possible hidden opportunities.

   •  Lease and Contract Review:  We will thoroughly review all applicable documents and advise accordingly to assure that all associated risks are mitigated as best as possible in order to assist in minimizing the risks of financial loss associated with loss exposures being assumed through any such leases or contracts.

   •  Closing Insurance Documents: We will work with you and your representatives to assure that all risk and insurance-related closing documents are prepared.  These documents may include certificates of insurance, additional insured endorsements, and schedules of insurance.