Tag: Business Insurance

Business Issue A McGriff client in the recycling business had grown to 17 locations in 14 states through various acquisitions. While the exponential growth was exciting, it also presented significant challenges developing and implementing consistent safety practices and standards. In addition, due to the nature of their business, claims management and establishing return to work…

Business Issue A McGriff client in the restaurant industry had a water backup issue in one of their locations. Employees were asked to mop up a small amount of water that had gathered by a drain in the floor and a plumber was contacted to identify and repair the problem. One of the employees involved…

Business Issue A large group of pizza delivery franchisees throughout the country formed a group Workers’ Compensation program. The program allowed all franchisees from the small to the very large to receive favorable insurance pricing from an “A”-rated carrier. While the sizable group plan created an attractive business opportunity for insurance carriers, the quality of…

Business Issue A public school insured through McGriff was struck by lightning, causing extensive damage to the air conditioning compressor and main server for the building’s maintenance system. The claim was reported under their property policy, and the carrier‘s adjuster determined the system to be a total loss. It was also clear the client would…

Business Issue A McGriff client in the hotel management industry purchased a new location to add to their portfolio. The client was unsure how to establish an adequate valuation necessary to properly insure the property. In order to include a replacement cost coverage valuation on their policy, they would need to meet the policy coinsurance…

Business Issue Three hurricanes made landfall in the United States in 2017. One area that was significantly impacted was the Gulf Coast of Florida. These storms affected multiple McGriff clients and specifically many property management businesses. Many properties suffered major roof damage, allowing water intrusion. Claims were submitted to the client’s insurance carriers, but they…

Business Issue A family restaurant chain was looking to partner with an insurance broker that could, among other things, help decrease workers’ compensation losses. Although the business had a dedicated team to manage safety and claims, frequent losses were impacting the experience mod, resulting in rising insurance premiums. After evaluating their options, the client selected…

Business Issue A McGriff client received notice of an unexpected Department of Transportation (DOT) audit with only three days to prepare. Very concerned, they contacted their McGriff representative who brought in a consultant with the McGriff Risk Services team. In order to better understand the client’s business, the risk control consultant reviewed their Central Analysis…

Business Issue A formal inquiry and request for information was sent by the Justice Department to a school insured through McGriff. The inquiry notice was based on the Sherman Antitrust Act, a federal law that prohibits contracts, combinations, or conspiracies “in the restraint of trade or commerce”. The Justice Department alleged the private school had…

Business Issue Our client sustained a large property loss when a sprinkler pipe broke and flooded their school. They contacted their McGriff Risk Services claim consultant to discuss the situation. Because the building was leased and still within the one year “guarantee” provided by the building owner, the consultant advised the client the building owner…