Transaction Services

The prospect of growing, going public, merging or divesting of operations, including spin offs, typically requires the restructuring of insurance and risk retention programs. Many times this is over looked by management teams, leading to unexpected expense or coverage deficiencies.

Covenant has considerable expertise assisting organizations with identifying and implementing insurance and risk management program improvements necessary to effectively respond to operational changes, allowing for maximization of synergies from the change in business structure.

Services include:

• Reviewing costs associated with claims management, insurance brokerage services, vendor services, and operations of an internal risk management department.
• Identifying and maximizing the return of pre-paid insurance premiums from prior programs.
• Evaluating the financing, structure, terms and conditions of existing insurance programs and risk exposures
• Ensuring proper balance between the retention of liabilities and optimization of cash flow
• Analyzing the insurable business risk, cash management, and redefining the risk tolerance or appetitede
• Examining options for pre-close liability buyouts
• Improving the overall risk management structure, including staffing, outsourcing, financing methods, management controls, and alternative risk transfer mechanisms such as captives.