Acquisition Risk Diligence – Helping with Mergers & Acquisitions
Our Acquisition Risk Diligence practice is designed to help New York companies in mergers and acquisitions assess the risk profile and insurance adequacy of target companies they wish to acquire. Our knowledge of insurance and risk management can be deployed on a fee basis to analyze a target company’s insurance program to report on: the adequacy of limits, potential deficiencies of policy forms, terms and conditions, gaps in coverage, overlaps, and potentially dangerous areas deserving closer inspection. We also review collateral issues and funding reserves on self-insurance/captives, large deductible plans, and retrospectively rated plans. The objective of our review is to provide a solid opinion on any risk or insurance that could negatively impact the enterprise value of the firm you potentially are looking to acquire.
Our report will also offer an opinion with regard to the competitiveness of the placed insurance program as well as the broker compensation relative to the services provided.
Finally, if the loss history of the target company indicates any problematic areas (worker injuries, fleet safety issues, public liability losses) we will offer our opinion as to what potential strategies may be available to reduce both the frequency and severity of the risks occurring, as well as potential opportunities to enhance productivity and operational efficiency.
What Do You Get with a Diligence Report from The Coyle Group?
The diligence report, which is completed as part of the project, will identify the issues mentioned above with suggested solutions for improving the program with the estimated cost of implementing same. Our fee for Risk Diligence reporting runs from $2,500 to $10,000 depending upon the size and complexity of the target company. Should the target be acquired and we are named as the broker of record, we will refund our fee of the Diligence Report in lieu of the commissions &/or fees to be earned on that new account.
When your firm is looking for a partner in the risk and insurance sector, you can rely on The Coyle Group in New York to provide you the expertise and experience you need to evaluate potential acquisitions.
Helping New York Area Businesses with Acquisition Risk
Since 1929, The Coyle Group has been serving New York area businesses with Acquisition Risk in the Rockland County communities of: New City, Nanuet, Haverstraw, Pearl River, Stony Point, Suffern, West Nyack, Congers, Valley Cottage, Nyack, Orangeburg, Blauvelt, Palisades, and Chestnut Ridge; the Orange County communities of: Goshen, Pine Bush, Middletown, Newburgh, New Windsor; the Westchester County communities of: White Plains, Yonkers, New Rochelle, Bedford, Elmsford. And in New York City – Manhattan, Bronx, and Brooklyn.
For more information on our Risk Diligence Services, please contact us in New York at 845-634-3606.