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While at times it may appear the insurance industry is becoming increasingly commoditized, the opposite is actually taking place. Today, professional service organizations in particular are increasingly conducting business internationally, managing data privacy liability, and competing for the top employees. These new kinds of risks and exposures put extra strain on traditional, straight from the box insurance policies.
As a professional services firm ourselves, Parker, Smith & Feek understands how critical staying one step ahead of your exposures can be. We prize intellectual curiosity and teamwork as two of our core values (ask about our unique compensation model to learn more about how we reward teamwork!), uniquely positioning us to steer our clients through the next evolution of their business.
At the strategic level, this means understanding our clients businesses and exposures, both current and future. Whether it is protecting the work product with an Errors and Omissions policy, protecting the partners with a Directors and Officers policy, or protecting the workforce with quality benefits and key employee perks, we have tenured consultants who specialize in each line of coverage to ensure the coverage is tailored to each client.
At the ground level, this means structuring the daily workflow so clients have representation before they sign a lease agreement, hire a top subject matter expert from a competitor, or enter into a key agreement. From contract review and certificate of insurance processing, to claims submission and representation, to personal support and advocacy for employees facing health and insurance challenges, Parker, Smith & Feek takes a holistic team-based approach to risk management.
It is because we are a locally based and privately owned professional services firm that we are best positioned to handle the unique exposures of our professional services clients.