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As property
and casualty brokers, Monarch provides the following services:
• Obtain
exposure and underwriting information from the client and submit
to carriers to obtain premium indications for the
various lines of coverage;
• Analyze premium indications and coverage terms and conditions
and prepare recommendations as appropriate;
• Negotiate insurance placements and renewals;
• Analyze property and casualty exposures and make recommendations
to existing and new risk management and loss prevention
and control activities;
• Analyze existing risk financing plans and make recommendations
for alternative risk transfer and risk financing programs;
• Provide consultative services for all self-insured programs,
including claims management, loss prevention, etc.;
• Assist in the reporting of claims as losses occur and
monitor all open claims activities to ensure expedient
claims resolution and disposition;
• Maintain historical records on losses, limits of liability,
premium, etc.;
• Provide routine updates on all legislative activities
that could impact the commercial property and casualty
insurance industry;
• Issue all certificates of insurance and endorsements;
• Act as the depository for all vendor's certificates of
insurance;
• Review certificates for adequacy of coverages;
• Review all client contracts and agreements to determine
coverage adequacy, appropriateness of contract language,
and to transfer the risk whenever feasible;
• Maintain the client's motor vehicle abstract records;
and,
• Review non-hospital real property assets.
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