| 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.
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