Commitment to thoroughly understanding your needs—and helping you accurately manage your risk exposures.
Financial health always contains unpredictable risks, but a quality broker-client relationship is risk-free. This is why Caledonian believes the best risk management starts with a commitment to a client relationship, and not just an annual insurance policy.
Protecting your assets and managing your liability exposures are an important part of maintaining your company’s financial health. While risks that exist from one organization to the next can be very similar, no two operations are exactly the same. Understanding this is why Caledonian believes in developing a partnership with each client.
Risk management has no beginning or end, but continues to indentify and address new and potentially hazardous changes in a client’s operating environment. However, before a Risk Management program can be developed, Caledonian seeks to thoroughly understand the client’s exposures through a myriad of resources, including a review of the current insurance program, contracts, safety and loss controls.
Insurance Program
Your current insurance policy is the most important statement of a broker relationship. Naturally, this is where the Caledonian team members begin their analysis of your existing contractual agreements, because if adequate insurance coverage is about knowing “what if”, then Caledonian must know “what is”.
After a full risk analysis, Caledonian creates a custom insurance program and while each program is tailored to the type of business being insured, the following coverages are most likely found in one of Caledonian’s insurance programs:
- Aircraft Hull & Liability
- Aviation General Liability including:
- Premises Liability
- Personal & Advertising Injury Liability
- Products/Completed Operations Liability
- Hangarkeepers’ Liability
- Grounding Liability
- Host Liquor Liability
- Aviation Spare Parts
- War Hull & Liability Coverage
- Mechanical Breakdown
- Deductible Buy-Back
- Non-Owned Aircraft Hull & Liability
- Aviation Workers Compensation and Employers’ Liability
- Loss of Use
- Agricultural / Chemical Liability (Aerial Applications)
- Mexican Liability
- European Union (EU) Coverage
- Political Risks
- Property & Casualty Coverage including:
- Commercial Property
- Commercial General Liability
- Commercial Auto
- Inland Marine
- Excess and Umbrella Liability
- Directors and Officers
- Employment Practices Liability
- Professional Liabilit
- Errors and Omissions
- Medical Malpractice
- Boiler & Machinery
- Crime Foreign Coverage Workers Compensation Pollution
- Liability Commercial and Contract Bonding Political Risk and Trade
- Credit Cyber Liability Ocean Marine Earthquake and Flood Cargo Product
- Liability Contractors Liability/OCIPs/CCIPs Fuel Truck Fleets Hangar Coverage
In addition, Caledonian has extensive knowledge and experience in planning, structuring and advising captive insurance companies.
Contractual Review & Analysis
The Caledonian team builds on its vast expertise in reviewing and analyzing contractual agreements in order to understand those risks to the insured. These include agreements relating to aircraft leases, premises leases, purchases, vendor services, maintenance and hold harmless agreements.
To address the clients’ insurance, indemnification and risk management issues, Caledonian professionals are also skilled at reviewing pro-forma agreements that address mergers and acquisitions as well as documents obtained during due diligence.
Safety & Loss Control
Safety and Loss Control is a vital component to an effective risk management program. Caledonian’s team of professionals will work with your company to develop safety and loss control systems to complement your insurance coverage.
Many of Caledonian’s insurance partners provide a service that offers clients advice from safety and loss professionals. These experts perform general safety audits and are highly recommended by Caledonian as a “first stop” for those seeking safety improvements to their operations.
Additionally, Caledonian’s network of independent consultants can be contracted to perform similar audits and provide recommendations for existing safety and loss control programs.
Financial Security of Insurance Company Partners
Insurance companies are only as good as their financial resources. Because of this, the Caledonian team constantly monitors the financial ratings of insurance partners to ensure that each client's Risk Management program is reliable and fiscally sound.