"Your experience and attention to detail helped us avoid a possible “nightmare” down the road if we ever had an accident / emergency."
President, Multi-State Engine Manufacturer
"Your loyal and well-prepared colleagues continue to be magnificent and efficient whenever I call your office. You are well-represented. Many thanks for always guiding me through the esoteric NJ law firm insurance world."
Partner, New Jersey based Law Firm
"Thank you for the dedication and professionalism exhibited by your staff in keeping the complicated insurance issues of my company in good stead. My risk management concerns were eased allowing me to focus on my other CFO responsibilities. I have worked with many insurance agencies and rank Connolly at the top."
Controller, Metal Fabricator, New Jersey
"You have personnel that function at the highest caliber. They are meticulous and immediately researched all of our business insurance concerns and answered all our questions. They are innovative and exceed my expectations 100% of the time..."
Director, Finance, New Jersey based Prep School
"W.H. Connolly & Co. is a fine institution and one that still recognizes the importance of responsibility, effectiveness, and competence in New Jersey business insurance."
Personal Lines Client, New Jersey
"I would like to express our sincere thanks for all of the guidance and assistance that you have provided with our recent insurance claims matter. Your guidance is analogous to the beam from a lighthouse cutting through the fog and leading us to the safety of the harbor."
Mayor, New Jersey Municipality
"Connolly provides incredible customer service. I think that your attention to detail, prompt replies and courteous service make you stand out among New Jersey insurance agencies. We consider ourselves lucky to have you as a member of our New Jersey insurance and risk management team."
VP, Senior Risk Officer, New Jersey Hospital
The push for shared patient information designed to improve care and reduce medical errors along with Federal subsidies and potential penalties is fueling increased adoption of EMR. See this informative article from Beth Fitzgerald of NJSpotlight Dec. 16, 2011. www.njspotlight.com/stories/11/1216/0253/
Organizations are facing increased costs and declining revenue as a result of the current economic environment. For organizations that maintain full service contracts with original equipment manufacturers, there are significant opportunities to consolidate contracts, improve cash flow, and reduce costs. By consolidating equipment service and repair under one program, we put companies in control of their costs, program administration, and delivery of services. Our approach blends a self-managed deductible with a stop loss contract that guarantees a minimum annual savings, and a maximum cap on annual expenditures. Any portion of the deductible that is not spent equates to additional savings.
Program Highlights:
Comprehensive equipment service and repair program that puts you in charge of your equipment maintenance spending.
Self Insured Retention or First Dollar Programs will generate 15%-30% savings over full service contracts.
Retain your current vendors, and/or be reimbursed for in house staff providing maintenance and repairs.
Online access to all service and repair information in real time.
Equipment procurement and engineering support is included.
Appropriate Industries:
Healthcare and Hospitals, Higher Education, Municipalities and Schools, Real Estate Portfolios, Banking and Financial Institutions and Manufacturing to name a few.
Contact:
Bryan Marks or Peter Koppisch at 973-744-8500
William H. Connolly & Co., LLC serves the insurance needs of a large and diverse group of businesses, not-for-profit institutions, professional services and individuals. Our investment in information technology has extended our reach to serve clients not only in the metropolitan area but around the world. Our technological services staff keeps us on the cutting edge of our industry, enabling us to serve our local and international clients most efficiently.
Aggressive and innovative in our pursuit of the solutions to insurance and risk management problems, William H. Connolly & Co., LLC is widely recognized for our expertise in complex Employment Practices Liability, Directors and Officers Liability, and Workers Compensation issues. Because we are among the largest producers placing business with both national insurance companies and strong, regional carriers, we negotiate from a position of strength for our clients.
Though we are located in New Jersey, we specialize in insurance services throughout the New York, New Jersey, and Pennsylvania area. We now march into 2012 with a new look and feel, carrying the strengths of the old site into a new layout. Visit our new site and you will find a reorganization to emphasize our current New Jersey business insurance and personal insurance solutions, including:
Social services, not for profit and religious organizations present unique challenges when they are looking for Risk Management and Insurance programs. Churches and religious organizations, for example, often have significant property exposure including aging buildings, as well as high value artifacts. Our Property Team has a proven expertise in assessing the exposures, addressing concerns to prevent loss, and overseeing the claim adjustment process when there is a loss.
Claims related to liability exposures – New Jersey professional liability, directors’ & officers’ liability, and New Jersey employment practices liability – can have a serious impact on day-to-day operations of religious and social service agencies. Premise conditions and abuse allegations are among the most obvious liability exposures for some religious organizations. But transportation of clients and employee use of personal vehicles are also significant and common exposures. The supervision of volunteer positions, the protection of limited funds and allegations of discrimination are risks associated with employment practices liability or directors’ and officers’ liability coverage.
Our well-known expertise in these areas helps to protect organizations through New York, New Jersey, and Pennsylvania and those responsible for their operation. William H. Connolly & Co., LLC has extensive experience creating individualized Insurance and Risk Management programs for many religious and social service agencies. We are, of course, very attentive to the financial needs of not for profits but never sacrifice the quality of coverages we recommend.
Discrimination, wrongful termination and sexual harassment are prominent among litigated employment practices. Employers are being held to higher standards under numerous employment laws such as the Civil Rights Act of 1991, the Americans with Disabilities Act or the New Jersey Law Against Discrimination. The interpretation of Employment Law by state and federal courts has expanded both the frequency and severity of employment claims.
Insurance is available to defray the cost incurred in defending Employment Practices claims by business owners and institutions and to pay for damages resulting from those claims. The cost of defending cases, the size of settlements and the unpredictability of having a case go to a jury trial all contribute to the increasing need for EPLI (Employment Practices Liability insurance).
New Jersey EPLI, New York EPLI, and Pennsylvania EPLI policies may differ significantly from company to company and state to state. Different companies offer different coverages and deductibles can vary. Although EPLI typically provides coverage for claims brought by employees against other employees or management, third party coverage is also available for claims brought by customers, vendors or outsiders… those other than employees. Coverage is available for all “prior acts” instead of insurance restricted to occurrences that take place after a designated date (retroactive date).
Some policies offer the ability to choose your own attorney or to have input in the selection of counsel when defending an Employment Practices Liability insurance claim. As more insurers enter the Employment Practices Liability insurance marketplace, various value-added services are being offered, including audits of employment practices including review of handbook, supervisor training, dispute resolution, toll free consultation services, sample documents such as handbooks, and training and information, such as newsletters and web sites, to help employers study current Employment Practices Liability insurance issues.
Employment practices issues vary greatly and can include:
William H. Connolly & Co. specializes in many types of underwriting, including important niche markets and artisan like metalwork. This P&C (property & casualty) program exists for metalworkers and manufacturers using machine tools. With about 400 participants, customized insurance forms and extraordinary loss experience, our group purchasing has yielded one of the insurance industry’s most successful safety groups. In fact, the rates for Metalworkers Plus increased only once between the program’s inception in 1973 and the year 2000.
Our machine-tool expertise has enabled many forms of manufacturing firms to stabilize their insurance costs while keeping up with the most current coverages and risk issues. Participants include machine tool job shops, production shops, NC, CNC, CAD-CAM and Wire EDM manufacturing shops among others.
Metalworkers Plus is specifically underwritten for William H. Connolly & Co. by Chubb & Son. Joining our industry expertise with one of the strongest Property & Casualty insurers in the world has proven to be a winning combination. Chubb & Son enjoys A.M. Best’s & Co.’s highest rating at A++ (Superior) XV.
Metalworkers Plus provides industry specific loss prevention, risk management services and educational resources at no cost to program participants. Participants include, but are not limited to, tool and die manufacturing, machine tool job shops, stamping shops, cutting tool manufacturing, machine building, grinding shops, casting shops, and sheet metal operations.
Although substantial discounts are built into the Multi-Peril Package and Umbrella Liability Programs, additional dividends and discounted premium plans are available for Workers Compensation, Automobile, Employment Practices Liability and other coverages. Discount and dividend options vary from state to state. Please contact us to discuss your particular options with you.
New Jersey Health Care Risk Services was established to meet the specialized needs of clients who provide health care services. Our team of professionals provides carefully designed insurance and risk management programs ranging from traditional property and casualty insurance to alternative risk transfer using self-insured trusts or captive insurance companies, accessing the global insurance marketplace.
Our programs are structured for a wide range of health care providers and include:
Our team’s efforts focus on providing our clients with the best combination of coverage, pricing and risk management services. A broad range and substantial knowledge of services is necessary to excel in healthcare insurance. This includes program design, market analysis, claims negotiation, contract review, and a host of other services. For more on this topic, ask an expert. Types of coverage available in these programs include:
We’ve been blogging for a few months now, here at W. H. Connolly, and we’d like to point you in the direction of some of our more popular, informative, and insightful New Jersey insurance blogs:
For more on the complexities and importance of New Jersey insurance, check back on our blog, or visit the website.
The depth and breadth of liability exposure exposure inherent to manufacturing can be profound. It merits concern given all of the variables involved, from consistency of production to diversity of user audience. New Jersey manufacturing insurance policies exist to ensure that manufacturers can stand behind what they produce without going under when human error takes its toll. Enlisting Midwest manufacturing insurance professionals allows companies to concentrate on business development.
As manufacturers are now considered a notable metric of economic vitality, the pressure to produce better products at lower costs has increased. The paradox is not trivial – recent economic trials have brought into relief how critical manufacturing is a reliable source of wealth and opportunity, yet there’s never been a tougher time to grow a thriving manufacturing operation. And as manufacturers grow in public visibility, it is of ever-growing importance that their image remains untarnished. By utilizing Midwest manufacturing insurance professionals, not only will liability be covered, but public image will be protected. In New Jersey manufacturing insurance, it’s imperative to find a trusted local insurer that understands local and regional law in addition to federal regulations. Various types of coverage may be necessary, including:
Though general New Jersey business insurance policies may seem to include some of these features, most lack industry-specific coverages such as product liability and equipment breakdown – the major risks at the front and back end of production.
New Jersey risk management is a dynamic process that doesn’t end when a client buys a product or settles a claim. Continued responsiveness and knowledge are crucial to a successful, long-term risk management relationship. A confluence of many services and approaches is necessary to optimize risk mitigation and premiums. A number of these approaches are detailed below.
Risk Analysis and Contract Review – Service begins with a thorough review of a client’s risks, working with management to determine which exposures are best assumed and which are best insured.
Insurance Marketing and Placement – New Jersey insurance programs must be designed and structured with price and coverage optimization. Similarly, underwriting submissions and negotiations with insurance carriers must be intelligently navigated to finalize specifically tailored proposals.
Claims Analysis & Service – Administrative burden can and should be substantially reduced by paying close attention to the claims process. The ultimate test of the insurance product and the broker’s accountability comes when a claim is filed. Claims management specialists must monitor the reserve amounts, work with outside legal representation, and direct settlement negotiations. This will ensure the most advantageous settlement for clients.
Loss Prevention – This means working with New Jersey insurance carriers to design loss prevention programs to minimize risk, paying particular attention to those risks associated with harassment, workplace discrimination, wrongful termination, and workplace violence.
Client Education – Loss prevention and risk management seminars are highly useful and effective. Any New Jersey risk management firm should offer local seminar or online webinars, as well as newsletters and client advisories to keep our clients informed about trends and changes in the insurance marketplace that can affect them.
There are other facets of New Jersey risk management, and greater detail about the important aspects addressed above. To consult with an expert on these issues, click here.
Copyright ©2011 – William H. Connolly & Co., LLC. Specializing in New York AE Insurance, New Jersey AE Insurance, Pennsylvania AE Insurance, and New York Architect Insurance. ALL RIGHTS RESERVED.
