​​​​​​​​​​​​​​​​​ ​THE BOURNE FIRM

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​​​​​​​​​​​​​​Experienced on-demand general counsel for small to mid-sized companies not yet ready for full-time general counsel. 

The following are examples of THE BOURNE FIRM's experience with respect to insurance and how that experience could benefit you:

• ​​​Managed and advised with respect to insurance matters, including applications, rates, scope of coverage, aggregate limits and retentions, analysis of claims, reporting of claims and complex regulatory issues.
  
• Advised boards of directors, chief officers and senior leaders regarding key components of insurance programs, risks and benefits of different degrees of coverage and critical costs of insurance.
  
• Counseled regarding insurance broker services and key risks and responsibilities to be addressed within the scope of such services, including following initial public offering, and the marketing, terms and retentions for directors and officers insurance.
  
• Determined how to reduce annual insurance adviser fees by $151,399, saving at least $40,000 each year in allocated in-house time for insurance matters and reducing overall risk with efficient, integrated and consolidated insurance program.
  
• Advised concerning whether company should obtain builders risk insurance in addition to requiring contractors to carry it for multi-million dollar development projects.
  
• Revised model insurance provisions to refine commercial terms, manage risk and prevent uncompensated losses of approximately $9.2 million.
  
• Advised regarding terms and conditions of indemnification agreements and their relationship to insurance coverage.
  
• Comprehensively identified, assessed and managed risks, advised regarding whether and how to address them and oversaw and contributed to internal audit function responsible for documenting and testing the effectiveness of internal controls.
  
• Chaired corporate governance committees responsible for evaluating and managing risks, delivering strategic and tactical direction with respect to governance programs and overseeing common-sense implementation of governance initiatives.
  
• Devised and implemented integrated insurance claims process within the scope of comprehensive claims procedures, including with respect to internal investigations, litigation hold notices for non-destruction of potentially relevant information, internal controls and corporate governance.
  
• Managed and improved process for collection of information necessary for insurance applications, and created systems for highly efficient and repeatable collection of that information.
  
• Reviewed, reported and coordinated with respect to claims or potential claims under insurance policies.
  
• Counseled regarding all material aspects of loss control, strategy and tactics.
  
• Advised regarding strategy for, and in anticipation of meeting with, underwriters for directors and officer insurance.
  
• Coordinated efforts to obtain approval of preferred counsel by carrier in connection with employment claim.
  
• Advised regarding risk of claims arising out of parking lots and how to manage that risk.
  
• Counseled with respect to practical impact of excluding insurance requirements from consulting contracts.