Categories

Schifman Remley Associates Logo Address: 5201 Johnson Drive, Suite 500 Mission KS, 66205
Phone: 913-831-1777
Email: Contact us Today

Industries

Non-profit and Social Services

LIFE INSURANCE & WEALTH TRANSFER

Estate Planning
Funding Buy-Sell agreements
Key Person life insurance
Long Term Care Insurance
Incentive plans for key executives

Private Equity

Mergers & Acquisitions Advisory Team Provides Critical Expertise
Comprehensive analysis and due diligence of insurance coverage and policies should be a critical component of any merger and acquisition transaction strategy.

Through analysis and due diligence of the policies and coverage such as those presented below, the SRA Transaction Advisory Team can assess the risk you face as well as make appropriate post-close recommendations that set you up for future success.

Our services are designed to run parallel with your deal – providing expert insight and innovative risk transfer solutions.

Initial Assessment

Identify key areas of concern for buyer
Evaluate target’s business model
Gather insurance data/ policies/ SPD’s

Audit Phase

Review policies for adequacy/ deficiency of limits and deductibles
Compliance review, including healthcare reform and ERISA
Review target’s exposure to losses and potential liabilities
Market analysis, providing a comprehensive look at competing carriers/coverage options
Review of self-funded plans and adequacy of reserves

Due Diligence

Review contract requirements
Risk analysis
Establish compliance baseline
Establish best practices
Close and post-close punch list
Final recommendations

Ancillary Insurance Recommendations

Reps & Warranties Insurance – protects against financial loss resulting from a breach of a representations and warranties clause;
Tax Opinion Insurance – transfers risk related to consequences of tax issues, past or future
Specific Issue Insurance – protects against issued identified in the due diligence process;
Claim or Litigation Buyout – covers the costs of a court judgment, approved settlement or defense costs incurred in litigation up to an agreed cap.

Ongoing Portfolio Management

Strategic planning & execution
Risk management
Human capital consulting
Financial and budget analysis
Renewal negotiations

Architects and Engineers

When a claim occurs, our approach is not to simply process it. We prefer to work as an extension of your team and be an advocate for your business and for your employees. To us, it’s not just client service – it’s a commitment to deliver our clients the best service.
Our claims staff brings a level of expertise to your business that insurance carriers will respect and work with. Our claims personnel work with our clients to develop a program designed to meet their needs. Claim reviews are scheduled at intervals that are appropriate for the client. The format is personalized and claim manuals are generated to reflect the program in place for each client.

Religious Institutions

If you want a new paradigm to improve your benefit management capabilities and outcomes, consider a change to SRA Benefits. Our detailed and accountable approach will change your perception of benefit brokers.Employee benefits have grown from purchasing a simple health insurance policy to managing a complex catalog of regulations and benefit options. It’s no wonder the money and time spent on employee benefits represents a growing threat to your company profits. Regardless of the size of your organization, you are concerned about the cost of healthcare and its regulatory complexities. SRA’s forward looking model is designed to meet these challenges head on.
WE SELL RESULTS NOT PRODUCTS
Think of SRA professionals as your elite team dedicated to providing the strategies, tactics, services and
tools to create and maintain excellent benefits while containing costs. The best run plans not only provide the
lowest cost year after year but also the best value to employees.
MINE DATA & OPTIMIZE RESULTS
Our talented professionals with years of multi-disciplined expertise will analyze your benefit programs, find the best markets and mine and manage your experience and financial data to optimize your long term results.
EXCEPTIONAL PERSONAL SERVICE
From benefit/financial design and carrier placement to employee communication and support, we provide high touch personal services backed with state-of-the-art technology to help retain and reward your most valuable assets – you and your employees
INCREASE EMPLOYER RETENTION AND DECREASE BOTTON LINE COST
Does you current broker deliver results, quick resolution, immediate access and strong management control of your benefit value and cost? More importantly, does your broker continuously improve your understanding and ability to make clear effective benefit decisions? We deliver measurable results, meaningful data and actionable feedback to help you make informed decisions.
TECHNOLOGY TO MAKE LIFE EASIER
Whether you need a simple web-based enrollment system or a customized process that integrates […]

Construction

OUR POLICY IS TO BUILD INSURANCE PROGRAMS FOR CONTRACTORS FROM THE GROUND UP.
 

Thanks to SRA, more and more contractors understand insurance isn’t the only
solution to address risk exposure effectively. Our construction team, most with over
20 years of specialized experience in the construction industry, looks at a variety of
factors to streamline your entire insurance program.
WE HELP CONTRACTORS AVOID AND TRANSFER RISK.

Subcontract Document Audit — Construction is built on managing and delegating project risks. We look at your entire subcontract document management system to identify appropriate transfer opportunities.
Claims Review — We review your claims history and company operations to help identify ways to reduce claims, and therefore your overall insurance cost.
Company Operations — We review operations and contracts for ways to refocus your insurance, consolidate policies and transfer risk.
Experience Modification Rate Review (EMR) — We review for errors that could cost you money and, if needed, petition prior insurers and the NCCI for corrections.

WE SHARE YOUR SENSE OF URGENCY.
 

The truth is, few agencies focus on construction because it’s such a fast moving industry…Click here to read more.

 
WE FOCUS ON FINDING THE BEST MATCH FOR CONTRACTORS WITH INSURER AND BOND COMPANIES.
 

SRA has contracts with the major insurers and surety companies of construction accounts for large, nationwide contractors, as well as regional insurers…Click here to read more.
THE SECRET OF OUR BOND DEPARTMENT’S SUCCESS IS OUR ABILITY TO WORK WITH OUR CLIENTS.
We’re considered by many area bond companies to be the fastest growing construction broker in the region…Click here to read more.
IT’S NOT JUST KNOWING HOW TO GET THE JOB DONE. IT’S KNOWING WHO YOU’RE WORKING WITH.
During and after the placement of a contractor with an insurance or a bond company, we help facilitate ongoing…Click here to read more.
YOU CAN ALWAYS COUNT ON […]

Manufacturing

Experience Essential to Manufacturers’ Many Moving Parts
For 30 years, the professionals at SRA have helped manufacturers and distributors manage risks unique to your industry — risks associated with suppliers who can’t fulfill a contract, physical damage to plants, equipment or products, product liability claims, as well as the growing role the internet plays in the success of your business and more.

Because your dedicated SRA team understands the challenges and complexities facing manufacturers every day, we can tailor a custom solution comprised of just the right combination of property, general liability, workers’ compensation, auto and international coverage. And, because we know your industry and understand your risks, our access to markets is unparalleled.  We have strong and deep relationships with every major carrier that writes for manufacturers and distributors.  Great relationships with insurers pay off in unique strategies that keep clients coming back.
Essential Analysis to Avoid and Transfer Risk
 

Claims Review — we review your claims history and company operations to help identify ways to reduce claims and your overall insurance cost.

Company Operations — We review operations and contracts looking for ways to refocus your insurance, consolidate policies and transfer risk.

Experience Modification Rate Review (EMR) — We review for errors that could cost you money and, if needed, petition prior insurers and the NCCI for corrections.  We also have the capability of projecting the modification factor prior to the NCCI calculation.

Due Diligence for M&A — We analyze current liabilities and open claims, review the existing risks and insurance portfolio and provide due diligence to help facility acquisitions and mergers.
Business Income — A Vital Part of Your Program
A well designed Business Income Insurance plan can give you peace of mind that you’re covered when things go wrong. We will evaluate your […]

Healthcare

SRA is one of the top agencies in Kansas City specializing in the needs of health care providers. With over 100 years of combined experience for health care clients, you can count on your SRA Professional Services team to help manage your risks with smart and impactful strategies.
Clients turn to SRA in part because of our Client Teams’ specific industry experience – many having worked on the physician practice side for years prior to joining SRA. They have a broad range of industry expertise and knowledge of the inner workings of your health care practice. Our perspective pays off when it comes to understanding the challenges you face day to day — from ensuring
sure your claim is defended, to consulting on how to handle shareholder and D&O issues related to practice mergers and physician buyouts, to addressing the increased risk of cyber liability.
THE ESSENTIAL DIFFERENCE — SUCCESS IN THE DETAILS
Our depth and breadth of experience helps us take a closer look and identify hidden potential liabilities.

›  We look at the intricacies of policies for potential exclusions and work with carriers to remove those that would give you a gap in coverage.
›  Med Defense Policies — We understand the nuances of the ever changing regulatory landscape and provide our
clients with a solution that covers defense costs, civil fines and penalties, coverage for billing errors (RAC Audit), HIPAA, EMTALA and Stark proceedings.
›  For Kansas providers, we look closely at issues related to your compliance with the Kansas Health Care Stabilization Fund.
›  We check to make sure all physician specialty classifications are correct and watch…Click here to read more. 

CYBER LIABILITY SOLUTIONS

With more and more facilities adopting electronic records, now is the time to look beyond IT

ESSENTIAL PRODUCTS FOR […]

Real Estate

Thanks to our large volume and diversified book of real estate business, the SRA Real Estate team understands the unique exposures and coverages intrinsic to the real estate industry. We have worked diligently to establish and nurture long-standing relationships with carriers whose chief focus is on real estate. These relationships give us a far greater ability to negotiate favorable terms and coverage — often the most competitive in the market – which might not be available otherwise.
REAL ESTATE INSURANCE IS THE FOUNDATION OF SRA.
Clients know us as one of the most experienced and trusted property firms in the region, writing business for hundreds of clients in all 50 states — from flood, quake and windstorm coverage up and down the Eastern seaboard to Green Building coverage for offices and multi-use properties….To read more,
WE’VE BUILT OUR REPUTATION ON SOLUTIONS DESIGNED TO SAVE YOU MONEY.
Over the years and through the course of hundreds of client/carrier negotiations, SRA has built deep relationships with carriers. The results pay off time and time again for our clients. For example, an SRA client recently built a large office building

Financial Institutions

SRA UNDERSTANDS YOUR INDUSTRY– INSIDE AND OUT.
While most insurance brokerages are “generalists,” SRA offers the financial industry a highly-experienced, fully-dedicated team.

The result is we understand the special kinds of products and high-quality personal service that banks need. When you work with SRA, there simply is no learning curve. We speak your language. We’re intimately familiar with the everyday problems bankers face — including the growing complexities of managing liability in the new economy of intense regulatory oversight, increased class action lawsuits, D&O claims and emerging cyber liability.
ESSENTIAL ANALYSIS TO HELP YOU MAKE INFORMED DECISIONS.
The insurance policies of Financial Institutions are unique. It takes experienced specialists to know when, where and how to negotiate changes to the terms and conditions of your insurance; including which exclusions may be removed.
STEP#1 — COVERAGE ANALYSIS
Our Coverage Analysis is the first and often the most important step in optimizing your coverage.
STEP#2 — PEER BENCHMARKING.
Benchmarking to peer banks gives you important data from similarly-sized institutions across the country so you can compare coverage, limits, retentions, premiums and make informed decisions.
STEP#3 — SPECIFIC NEEDS.
In compiling our recommendation, we factor in your specific needs and interests.