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Bostonian Group Launches Risk Management Practice

18 Jun, 2009 WorkersCompensation.com

                               
Boston, MA (CompNewsNetwork) - The Bostonian Group, which offers expertise and practical solutions for employee benefits, HR services, executive compensation, retirement and financial planning, today announced the introduction of a new practice, Bostonian Solutions Property & Casualty, LLC.  The firm's new risk management practice specializes in protecting companies and their employees against a wide variety of financial, operational and strategic risks. 
 
Today's challenging business environment is expected to put more pressure than ever on companies' risk management strategies.  Bostonian Solutions Property & Casualty meets a market need for CFOs, HR directors or risk managers looking to respond to current vulnerabilities, like higher employment liability risks due to the shrinking economy and spate of layoffs.  In addition, with P&C rates declining for six years now, industry surveys show that when companies switch carriers, they reduce their rates by five to 10 percent, or more. 
 
"Our clients are feeling this softness and asking us to get into the market, not only because we could potentially get them lower premiums but because we're a partner they trust," said Jim Blue, chairman and CEO of The Bostonian Group. "That's why expanding into risk management made sense for us.  In everything we do, we're focused on educating clients and helping them make the best decisions for their business, now and in the future.  Our employee benefits clients want this same high-touch service for their complex business insurance needs."
 
Bostonian Solutions Property & Casualty provides all forms of commercial products and professional liability services including employment practices, errors & omissions (E&O), directors & officers (D&O), fiduciary and umbrella coverage.  The practice also offers automobile, property, inland marine, crime/fidelity and workers compensation services.  As part of a relationship-focused advisory and brokerage firm, experienced business insurance professionals provide consulting in the areas of executive protection, risk management and loss control. 
 
"Every client has unique needs, so we create tailored solutions through a five-step risk assessment process that examines risks and measures their potential impact," said Dom Sestito, principal, Bostonian Solutions Property & Casualty.  "From this in-depth analysis, we recommend appropriate strategies to manage or mitigate risks.  Unlike many of our competitors, we also meet with our clients at least quarterly to review their policies and ensure we're always getting them the best coverage at the best rates from the most financially secure insurance carriers." 

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