Business Solutions
The mission of Sanger & Altgelt’s business solutions team is complex, yet simply stated: We want to be your comprehensive insurance and risk management solutions provider. To do so, we draw on an extensive array of insurance and financial products. From property and liability coverage to bonds, workers’ comp, benefits programs, and specialty coverages like pollution liability and aviation insurance, we provide you the options you need. At Sanger & Altgelt, we practice a consultative approach which means we don’t accept the presented risks as the whole picture; we aim to bring to light the exposures in your situation—and develop a comprehensive program that protects your business which may not only include insurance. Finally, our suite of risk management tools can be a pro bono part of your package. Whether you need contract review, inspections, safety protocols, training, or loss control recommendations, we hope to be your insurance partner—and the only one you need.
Property & Casualty
We are here to serve as trusted partners in managing your business risk. Our team will analyze your exposure, identify coverage alternatives—including policy limits and pricing—and recommend a comprehensive solution to protect your assets, revenue streams, and workers. As a major provider to the energy industry, we’re experts in procuring multimillion-dollar coverage for drilling rigs and other offshore property, onshore property, contractors’ equipment, real estate developments, business interruption threats, and more. While we are specialists in property & casualty insurance and give our clients access to an exceptional range of products, the most important value they enjoy is our dedication to relationship-based insurance: As your business and its risks change over time, we’ll be with you every step of the way. Our array of solutions includes property coverage, general liability, automotive, workers’ compensation, fiduciary liability, professional liability, and cyber liability.
Risk Management
Risk management has never been more complex or more important than it is today, but the fundamental need is still for organizations to effectively assess and protect themselves from both short-term, common risks and long-term, strategic risks. Our consultants specialize in helping businesses in a variety of industries learn and understand what programs and information systems they need to do that—from safety programs and OSHA compliance to disaster planning, from legal liability coverage to supply chain resilience and global risks. For a holistic approach that will help you calculate your organization’s risk exposure, implement effective risk mitigation programs, and monitor results, you can rely on our experience and expertise.
Cyber Security
If your business stores data such as customer names and addresses, Social Security numbers, medical records, and credit card information, cyber security insurance has probably become a critical component of your risk reduction strategy. In the event of a data breach, you could face extensive costs for mandatory customer notification, credit monitoring for affected customers, legal fees, fines, and restoring your data and computer systems. For some organizations, these breaches have also led to lawsuits, brand damage, and significant unexpected public relations efforts. We offer policies customized to cover your unique risks in these areas, as well as the liabilities you would face if a cyber attack leads to denial of service, ransom demands, or access or damage to the computers of third parties you do business with, such as vendors.
Employee Benefits
We support business clients with a full team of employee benefits experts who are focused on minimizing clients’ costs and helping them maintain a happy, healthy workforce. Our benefits specialists work with clients to set objectives, prepare cost projections, create health insurance and retirement plans, negotiate with carriers, and implement the many components of an effective group benefits program. Our team can even help with underwriting, budgets, monitoring plan performance, managing eligibility and billing, and using innovative claims management tools to reduce clients’ overall health care costs.
Surety Bonds
Surety bonds guarantee that certain tasks in business and industry are fulfilled. We supply bonds to both large and small businesses for a range of needs, including bid bonds to help companies compete for new business, payment and performance bonds for contractors and other businesses who have won contracts, oil & gas bonds, fuel supply payment bonds, license & permit bonds, and maintenance bonds. Our extensive experience, broad underwriting network and ability to meet the capacity needed for larger projects have made us a successful partner for a variety of interests, including international customers, customers who need a continuing surety line or a series of bonds in multiple states, and public-private partnerships.
Professional Liability
While the types of liability insurance your business needs vary based on company size, the type of work you do, and the industry you are in, general liability insurance is typically not enough for companies that provide consulting, legal, medical, or technology services. General liability only covers your company for lawsuits related to bodily injury and property damage. For more abstract risks that could lead a client to claim financial damages due to errors and omissions from the services you provide, our specialists can help you develop a plan for professional liability coverage. Some states require certain types of businesses to carry professional liability (for example, medical malpractice insurance). Clients may require your business to have coverage to work with them. Our experience in this area will sort through the complexities and risks and help you manage them through the right insurance solution.