Fourth Insurance Office, Inc. is a consulting business specializing in transaction related exposures, management liability, broker assessment, and portfolio management.
– We serve clients who understand that risk management and insurance counsel is best provided when there is alignment, and advice is rendered independent of procurement.
– We provide fee-for-service analytics and policy administration and never require that a change be made to any existing relationship.
– Our practice is directed by Stephen A. Cooper, CPCU, CLU, ChFC, CEBS, MBA Finance, who has 40 years’ experience in all facets of insurance.
– While we are licensed to broker most lines of insurance in most states, we are often the second call – when issues arise, assisting your agent or broker, another consultant, legal counsel, accountant, forensic experts, adjusters or family office.
– We don’t pitch “product” or promise to save you 20%.
– We model the impact of business combinations on insurance programs, suggest additions and eliminate redundancies.
– Advise on rep & warranty indemnifications, runoff options, and deal-related D&O exposures.
-Manage program integration, contain transition costs, and assist with carrier and advisor selection.
– Recent Assignment: An investor contemplating a transaction, budgeted for savings through aggregation, but failed to consider the cost and allocation of transaction specific coverages.
– We work with start-ups, their founders and funders, to develop scalable risk management programs.
– Newcos rarely require/budget for full-time risk management. We can advise on an “as needed” basis.
– Condition insurance markets for increased limits to accommodate emerging needs.
– Recent Assignment: Following an “angel-round”, a regional food service company sought institutional funding to launch their brand nationally. We arranged increased liability coverage “from inception,” to meet the requirements of new investors.
-From time to time our clients are offered proposals “too good to be true”. We are not competing, so if an idea makes sense, we will make sure that all risks are understood.
– If you are reconsidering an old policy, we can fine tune your expectations and confirm whether intended benefits are likely to be realized.
– What happened? Reverse engineering a policy is often difficult, as is collecting historic data concerning values and payments. Let us do that for you.
– Recent Assignment: A client maintained a life policy to fulfill a charitable commitment. Despite “guarantees,” from his agent, we demonstrated that the policy would not fulfill his objectives. Assisting retained legal counsel, we were successful in voiding the policy from inception, with full return of premium.