The Davis Companies are comprised of Specialized Risk Experts in the areas of

Transcription

1

2 The Davis Companies are comprised of Specialized Risk Experts in the areas of Insurance Brokerage, Financial Consulting, and Contractor Development Services. Through common ownership, The Davis Companies were formed to provide a collaborative effort and create synergies that enhance each company s core business purpose. The Davis Companies, headquartered in Omaha, Nebraska and operate satellite offices for project clients Davis Companies Principals include: T. Pat Ryan, President Davis Insurance Agency Public Risk Management Dick C.E. Davis, Chief Executive Officer All Davis Companies Lisa LaDay-Davis, Chief Financial Officer All Davis Companies

3 The Davis Companies include: national expertise in risk management, insurance brokerage and consulting services; specializing in Owner Controlled Insurance Programs (Wrap-Ups), All Lines Aggregate (ALA) self-insurance and bonding capabilities with in-house underwriting authority including the SBA Bond Guarantee Program; includes affiliate companies Bonds & Insurance Services, Inc. (BIS) and Public Risk Management, Inc. (PRM) a specialized alternative risk consulting firm. the nation s pioneering professional service program providing risk assessment and technical consulting services to public and private entity owners to enable the expansion of bonding, banking and technical capacities of small, minority, women and disadvantaged businesses. provides working capital loan augmentation through risk analysis and assessment for the contractor development service program and collateral for bonding to small business concerns unable to utilize traditional underwriting methods.

4 Davis Insurance Agency (DIA) Bonds & Insurance Services (BIS) Public Risk Management (PRM) The Davis Companies provides the majority of its risk management and insurance services to large public entities and major corporations. The Agency s property placements exceed $10 billion in assets, and the liability placements and consulting services include sophisticated products such as self-insurance programs and owner controlled insurance programs. A cornerstone of the Agency s long-term success is their ability to underwrite surety performance and payment bonds through their own underwriting authority. To meet the needs of our public entity and corporate risk services clients, our business services have been tailored into the following core risk management and broker services. These divisions are classified as: Construction projects - Owner Controlled Insurance Program (OCIP) Public entities self insurance pools - All Lines Aggregate (ALA) Major public entity and corporate risk management services Small to middle business marketing and policyholder services Group Health and Life insurance plans Personal finance and investment advice and service Contractor Development Services (CDS) The Davis Companies create synergies to ensure owners of major construction projects that small and disadvantaged firms will have open access and increased opportunity for success on bidding and completion with the owner s construction projects. The program provides for maximum growth and success potential for small and disadvantaged firms by providing the following: Technical consulting that enables expanded bonding and banking capacity in support of small businesses and women and minority-owned firms Consulting to assist owners of major construction projects and procurement programs to involve small businesses and women and minority-owned firms in their projects Professional services provided by experienced business people with degrees in architecture, engineering, accounting, financing, education, law, and bond and bank underwriting Bidding opportunities identified and qualified for the Davis Companies pool of program participants Augmentation of participating firms capabilities to accomplish needed training, education, technical assistance, and surety bond placements Commercial Finance and Investments (CFI) Davis Companies is uniquely qualified to provide tailored programs to develop, implement and manage collateral guaranteed fund pools for bonding placements and working capital loans. These programs provide: Use of Davis Companies dollars to finance higher risk smaller clients Full or partial guarantees for bond placements and working capital loans Controlled initiatives where public and private sectors participate in the effort Access to a non-profit collateral guarantee fund

5 Davis Agencies - Scope of Services Public Entity and Corporate Risk Services The Davis Agencies, inclusive of Davis Insurance Agency, Bonds & Insurance Services and Public Risk Management bring extensive experience and expertise to the three primary risk management and broker services identified below: Owner Controlled Insurance Programs (OCIP) Public entities self insurance pools - All Lines Aggregate (ALA) Major Public Entity and Corporate Risk Services Each division requires different philosophies and methodologies for property and casualty programs, employee benefits solutions, claims management services, risk assessment advice and loss control. The following risk management and broker services represent the extensive choices of disciplines offered to our clients to assist in meeting their individual business needs. Risk Management and Broker Services Identify, analyze and evaluate exposures to risk of loss Evaluate risk program and recommend required coverage Recommend feasibility of self-insurance or new insurance programs Review, develop, and recommend contract insurance requirements Assist in conducting regular on-site inspections Recommend specific corrective actions and suggest operating policies and practices Recommend curricula for and conduct in-service training courses in accident prevention Recommend loss prevention programs and services Monitoring of insurance company or independent claims services Preparation of detailed coverage and service specifications Submission of specifications to selected markets and negotiation of coverage and price Verification of all requested new, proposed and renewal policy terms and conditions Verification of insurance company audit calculations Property valuation, updates and rate analysis Verification of insurance reporting from premium and experience modification Preparation of insurance certificates/automobile accident kits Annual service planning and account reviews Risk control services in the areas of casualty and property Risk management information services assistance Owner Controlled Insurance Programs Our OCIP successes have been evidenced by the diverse experience in our management portfolio of public and private entity projects administered for more than 20 years. Our agencies have the expertise and capabilities to manage and lead the OCIP effort starting with program design and continuing with identification of exposures -- all culminating with risk consulting, development of coverage specifications (during our marketing effort) and providing administrative services. All of these are coupled with a sophisticated risk management database. DIA and BIS provide loss prevention and cost containment services inclusive of safety and claims management. The quality of our reputation is further reinforced by our positive partnership relationships with major national brokers and leading construction project management firms from throughout the nation. All Lines Aggregate The specialized, alternate risk services comprising our All Lines Aggregate program are provided through our boutique agencies premium servicing as we assess and analyze the total cost of risk for public and private entity niche markets.

6 Contractor Development Services (CDS) Scope of Services CDS Contractor Development Services Program provides multi-disciplined professional services on behalf of the project owner. CDS identifies bidding opportunities for our pool of program participants while providing an array of professional services to augment each participating firm s training, educational, technical assistance and surety bond needs. Levels of service to each participant is delivered based upon the participant s specific needs and are targeted to provide maximum growth potential while instilling optimum loss control mechanisms to facilitate successful contract completion. CDS proprietary program design incorporates numerous detailed processes and methodologies necessary for successful program administration. Such design elements include: Program participant case studies Contractor profiles Project procurement procedures Processes for successful bond placement Detailed milestone and sub-task activities Integrated management systems CDS program methodology has proven effective and the benefits of the Program have been evidenced by the economic development and job creation and retention impact made upon our communities. The re-contribution of dollars and the expanded tax base is complimented by the increased competition generated by the creation of the larger pool of qualified firms ultimately resulting in lower project cost. CDS has been and remains the number one premier bonding and technical support program in the nation based upon results with measurable and documented goal attainment. Each program administered by CDS establishes benchmarks for measurements of success at the on-set of the project. These goals are established in conjunction with the project owner and tracked, audited and reported to the owner for measurement of goal attainment versus goal establishment. CDS will provide specialized and individualized assistance in the areas of: Owner Services: Program Analysis Program Design Mgmt. Information Reports Performance Management Quality assurance measurements Communication Flow Marketing to Sureties Program Participant Services: Bonding Assistance Bond Packaging and Processing Bond Application Review Bond Placement Assistance Outreach and Certification Assistance Contractor Awareness Certification Technical Assistance Services: Contractor Construction Management Technical Assistance Services Pre-Award Services Post-Award Services Procurement Identification Assistance Legal Technical Assistance General Business Training Assistance Contractor Education and Training One on-one assistance Group or classroom instruction Technical Financial and Accounting Assistance: Accounting Assistance Financial Assistance Banking Assistance

7 Commercial Finance and Investments (CFI) Frequently Asked Questions The Davis Companies are uniquely qualified to provide tailored programs to develop, implement and manage collateral guarantee fund pools for bonding placements and working capital loans. These programs provide: Use of pool funds to finance higher risk, smaller contractors Full or partial guarantees for bond placements and working capital loans Controlled initiatives where public and private sectors participate in the effort Access to non-profit collateral guarantee fund Frequently Asked Questions are outlined below: What is a Collateral Guarantee Fund Pool? The fund is used as a collateral guarantee for the purpose of augmenting the capital requirements of the program participants to enhance bonding and banking capacity It is a privately held fund used to stimulate economic development for small and disadvantaged businesses The fund generates various sources of income, which in turn is applied in part or in whole to administrative costs or potential loss of the program or increasing the fund How does Collateral Guarantee Fund Pool work? Risk-avoidance and risk-management techniques are used to protect the funds Defined program guidelines, performance measures, and a formula in sharing the risk of any potential losses are key components of the program There are two other key components to the program: Collateral guarantee for working capital loans Collateral guarantee to provide bonding Both programs can be managed separately or jointly depending upon the desires or the contributors What are the program components? Three Tier Qualification Criteria Contract Term Restrictions Contract Size Restrictions Escrow Account Profit Reserve via CD What is the approval & documentation process? Eligibility & Commitment Signed Security & Escrow Agreement Joint Check Agreement Lien Release Assignment & Assignment Acknowledgement What are the processes & reports? Engineer Project Cost & Profit Analysis Assistance Request Contractor Bid Project Process Contract Award Project Process Loan Control Procedures Financial Performance & Reports

8 Davis Insurance Agency Bonds & Insurance Services Public Risk Management Contractor Development Services Commercial Finance & Investment Principal Offices: 2211 North 91 st Court Omaha, NE Ph: Fax: Principal-In-Charge: Dick C.E. Davis