Founder President Structure of NIP Targeted Locations News


 

After considerable experience as a CEO managing various companies, Bill Pollock began a consulting practice in 2002 and decided to create a special plan which was designed to help management and directors of corporations better address the difficult issues of conflict and risk. Dealing with conflict can be time consuming and expensive for management. Directors today are facing unprecedented risk and potential liability and need help to address these issues in order to effectively provide the leadership required of them to help protect and enhance shareholder value.

NIP’s Director Protection Plan responds to these needs by examining the applicable indemnification provisions, reviewing the D&O insurance coverage, and assisting the directors in being as informed as possible regarding all important matters of the business. This plan provides the system which directors need to be able to assure their protection and enable them to perform their duties effectively.

Hence, in 2005, Bill Pollock, founded National Insurance Partners (“NIP”), a risk management and financial solutions firm dedicated to providing personal attention to companies, boards of directors, and executives seeking advice regarding how to best manage their risk. In many instances, the same risk may be perceived very differently by two different people resulting in different needs. Managing risk is not a one size fits all situation. An example of this is provided by the directors and officers insurance (“D&O”). Pollock realized that directors, corporate America’s visionaries and strategists, were generally not being represented in the procurement process of D&O insurance and, consequently, generally not adequately protected and were being subjected to an unacceptable level of risk.

National Insurance Partners is dedicated to a personalized approach of helping its clients manage their risk, delivering extraordinary service and enhanced products in the property and casualty insurance brokerage industry that is so desperately needed. By way of strategic acquisitions, NIP is building a national network of partnering firms consisting of high quality P&C brokers to offer this high level of expertise and service. The end result is that these exceptional individuals will be able to offer integrated solutions for insurance needs on a personalized basis. One of the key insurance specializations of NIP will be D&O insurance, which is one of the trickiest insurance coverages on the market.

In January, 2006, NIP reached an agreement with veteran executive compensation expert, Steven Cross, to build a national executive compensation and corporate governance.  With NIP, Cogent Compensation Partners (“Cogent”) assists corporate America with all aspects of executive and director compensation as an independent consultancy.  Cogent provides access to a broader array of services tailored to outside directors.

What makes NIP different from the rest is its “entrepreneurial approach” to risk management and commitment to the delivery of customized financial plans and solutions for managing risk. NIP will concentrate on what it does best—helping its clients to identify and analyze risks and offering specific and customized financial solutions to manage this risk.

We believe that our commitment to higher standards of risk management will make a difference in corporate America…and to our partners and clients.