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Ultimately, our goals are aligned with yours. We protect so that you can grow. Without insurance, one major claim could cause devastating setbacks for your company. At Kapnick Insurance, our job is to help you manage your risks and get you back in business if the unforeseeable does occur.
Because we know not all industries and businesses have the same risks or concerns, Kapnick has developed teams of experts in areas of industry specialization. Our specialized teams thoroughly understand the unique aspects of your business and dive deep into your field of operation to uncover risks and exposures. Our seasoned experts and practice groups understand your business, join industry associations, get to know the people responsible for ensuring safety and loss control – and learn from their first-hand experiences.
Our consultative approach allows us to analyze all of your risks, and develop strategies for management, transfer solutions, or mitigation. We specialize in providing corporate risk consulting services and insurance products for companies of all sizes, from publicly traded to small businesses. We vet the insurance companies we partner with, to find the ones best equipped and motivated to provide comprehensive solutions that fit your industry’s needs.
Kapnick provides overall analysis of your loss control and safety needs. On-site loss control evaluations, comprehensive claim reviews and program design and implementation are just a few ways Kapnick Risk Solutions assists clients in reducing costs and protecting their investment.
Consultation
In depth evaluations of your organization’s programs and strategic goals.
Assessment
Trending analysis and claim forecasting. Safety needs and interest survey.
Development
Utilization of online tools, validated experts and insurance carrier programs.
Implementation
Targeted employee communications. Safety committee meetings.
Monitoring and Support
Continued educational webinars and seminars. Claims advocacy and reviews.
As a client of Kapnick, you are also given access to the Kapnick Risk Services Center, unique, Web-based risk management tools and materials your organization needs to help reduce injuries and improve profitability. These include:
A comprehensive safety library and resource center
Certificate of insurance tracking
Unique incident tracking software
Safety data sheet tracking
Safety & Claims Management
Assisting clients with overall safety, loss control, and claims management through on-site loss control evaluations, comprehensive claim reviews, program design and implementation in order to reduce costs and protect your investments.
Global Solutions
Kapnick brings clients the benefits of size, strength, and global visibility as a shareholder of Assurex Global, a unique corporation owned by a select group of brokers located in over 80 countries. This partnership gives us access to 110 partner brokers with more than 600 offices, and over 19,000 employees on six continents.
Alternative Risk
Identifying exposures to loss and analyzing claims experiences to develop customized alternative risk solutions. Potential solutions may include: captives, self-funded programs, large deductible programs and more.
Industry Specialization
Kapnick has niche industry experts in the areas of construction, education, manufacturing, real estate, food and agribusiness, transportation and towing, professional services, hospitality and recreation, and tech & life sciences. Our experts know the ins and outs of your industry and how to mitigate your risk.
Digital Client Access
Access policy documents, issue auto IDs, manage proof of insurance forms, file claims, and more, anytime, anywhere from your computer, smartphone, or tablet.
Creative Solutions
- Risk Management
- Claims Consulting
- Risk Toolbox
- 24/7 Document Access
- Claims Advocacy
- Education
- Analytics and Benchmarking
- Loss Control
- Risk Transfer Solutions
- Trusted Advisors
- Market Selection
Let’s discuss your risk solutions insurance.
One of our insurance advisors will reach out to you to review your information and present you with the appropriate risk insurance solution. There’s no obligation, just good-old-fashioned advice.
How can business insurance protect you?
Use the yellow hot spots and explore how business insurance can help protect against common risks.
Commercial General Liability Insurance
Risk Factor
The manufacturing business is unique and comes with many exposures, which can lead to a potential lawsuit. What if a fire breaks out and damages the building and halts production, causing you to default on your delivery contracts? Would your business survive?
Solution
Commercial general liability insurance is an absolute necessity for a manufacturing business. This type of protection provides broad coverage for premises, operations, completed operations and advertising, and personal injury. It will also pay to defend any covered lawsuit or action regardless of its merit. Coverage can be purchased as a separate policy and can be tailored to your specific needs.
Commercial Property Insurance
Risk Factor
When a gas tank explosion causes an uncontrollable fire, your commercial property and everything within it can suffer a significant loss. This can have a detrimental effect on your manufacturing business.
Solution
Commercial property insurance can help protect the property your business owns or leases, including things like equipment, inventory, furniture, and fixtures. Whether you own your building or lease your workspace, commercial property insurance can be purchased separately or can be combined with other necessary coverage to protect your business’ physical assets.
Business Interruption Insurance
Risk Factor
What would you do if a fire impacted the operation of your production line and prevented you from serving clients for a day or more? Or what if a pipe leak caused a system outage or extended downtime, leaving your production line inoperable? These and other events can destroy your ability to serve clients and bring in revenue, which can have a major long-term impact on the viability of your business.
Solution
Business interruption insurance compensates you for lost income if your manufacturing facility cannot operate as normal due to damage that is covered under your commercial property insurance policy, such as fire or water damage. Business interruption insurance covers the revenue you would have earned, based on your financial records, had the incident not occurred. The policy also covers operating expenses, like electricity, that continue even though business activities have come to a temporary halt.
Product Recall Insurance
Risk Factor
When a product you manufacture is found to be defective and causes bodily injury or property damage to others, you may be held financially liable. Product recalls can be involuntary (required by a regulatory agency or the government) or voluntary (the manufacturer notices a defect that is unlikely to force an involuntary recall), and can be costly.
Solution
Product recall insurance covers expenses associated with recalling a product from the market. Coverage can include customer notification costs, shipping costs, and disposal costs. Coverage generally applies to the manufacturing business itself, though additional coverage can be purchased to cover the costs of third parties.
Workers’ Compensation
Risk Factor
If one of your employees receives an injury or becomes ill due to a work-related occurrence, you are required by law to have the proper coverage in place.
Solution
Workers' compensation protects your employees should a job-related injury or sickness occur during the course of employment. This coverage is required by law and may vary by area, so be sure that you understand your obligations for all physical locations where your business operates in and all physical locations where you hire your employees.
Business Auto Insurance
Risk Factor
As a manufacturing business, you have many exposures associated with your business vehicles–owned or leased. With a fleet of cars, trucks, vans, or other types of vehicles used in the course of business, a single accident can potentially put your business in financial jeopardy.
Solution
Business auto insurance provides coverage for vehicles owned or leased by your manufacturing business and provides coverage for bodily injury, property damage, and other exposures, and could include comprehensive and collision coverage as well.
Commercial Umbrella / Excess Liability
Risk Factor
Losses and lawsuits are quite common in the manufacturing business, and settlements can be substantial. If your business is found to be responsible for damage or injury, you could be facing a large liability loss that exceeds the basic limits of your standard policy.
Solution
You should consider purchasing a commercial umbrella insurance policy which provides higher limits, typically between $2,000,000 and $10,000,000, and often broadened coverages. Coverage is extended over various policies, including general liability insurance, business auto, and directors and officers liability insurance.
Motor Truck and Ocean Cargo Insurance
Risk Factor
As a manufacturer, you’re constantly shipping your cargo around the world either by land, air, or sea, which exposes your business to risk as a result of product loss, theft, or damage.
Solution
You can purchase ocean marine insurance for your products while your shipments of goods are in transit, whether it's by truck, rail, air, ship, or boat, and until they reach their final destination.
