Specialty Insurance and Risk Management
Doan Brook is a specialty risk and insurance advisor serving clients in the US and abroad.
Our goal is to be the advisor of choice by delivering outstanding results for our clients through intellectual capital, industry expertise, creativity and independence.
Doan Brook works primarily with private, closely-held companies in logistics, including bulk commodities, intermodal and marine; precision manufacturing; and specialty construction.
Our team includes proven, well-established industry experts with significant operating experience in the US and abroad, ranging from the North Sea to JAXPORT, from intermodal yards to shopping centers, from steel to stone fruit.
We strongly believe client assets and operations need to be very specifically aligned with practical, client-specific insurance and risk management solutions.
A Tier 1 aerospace contractor has very different needs than a 3PL, a rail ramp operator or a marine terminal with fuel bunkers; FMCSA, NPDES and OFAC establish compliance requirements entirely of their own; bonding calendars vary greatly from one region to another; and so on.
Doan Brook works primarily with private, closely-held companies in logistics, including bulk commodities, intermodal and marine; precision manufacturing; and specialty construction.
Private, closely-held companies where our key relationships enjoy a direct financial interest in the success of the enterprise.
A material amount of time, treasure and talent is invested in safety, loss control, premiums and deductibles.
Unique product or service requiring (re)insurance to be very specific to the client.
Lots of moving pieces and parts, including specialty equipment, third party assets, subcontractors, regulatory compliance and dependency on others across supply chain.
Multiple locations, regulatory jurisdictions and trading partners in the US and abroad.
Doan Brook works primarily with private, closely-held companies in logistics, including bulk commodities, intermodal and marine; precision manufacturing; and specialty construction.
A specialty commercial subcontractor in rigging, steel erection, electrical and roofing experienced a $1.1 million dollar loss paid by underwriters over and above self-insurance. We worked closely with the client and underwriters to identify root cause, opportunities to improve an already sophisticated safety program and renew all contracts at very favorable terms.
We inventoried the assets, revenue streams and contracts for a global 4PL with over 400 employees, 600 independent contractors and 70 locations, including the Netherlands and Brazil. Almost 10,000 data points were cross referenced with 30 insurance contracts and P&I Club membership. A 45-page report identified and prioritized risk management gaps as well as options for addressing the gaps.
A syndicate of private equity firms purchased an environmental sciences firm with offices in Ohio, Tennessee and Virginia. Representative services include diving, DOT-11X tank car derailment response, CWA permitting, pipeline installation and natural gas processing stations. We performed diligence of all assets, liabilities, and revenue, including, but not limited to, marine and non-marine, state and Federal workers compensation, business interruption, and management liabilities.
A Registered Investment Advisor with over 30 captive funds needed insurance for cyber, professional and management liabilities. We structured a cyber risk management program to respond to actual and potential losses caused by first and third-party breaches. A separate management and professional liability insurance program was established.
A Tier 1 aerospace and defense contractor making critical and non-critical parts required split limits ranging from $10MM to $75MM for product liability and third party economic loss. Representative products include brakes, check valves, evacuation, shimmy dampers and steering systems for commercial and military platforms. We helped the firm achieve a 25% cost reduction by carefully modeling the supply chain as well as revenue streams by product, platform and contract.
Heavy weather sank one of the largest privately-operated hydraulic dredge within one of the 14 NOAA marine sanctuaries while under tow. The 6,000 HP and 1,200 T vessel was capable of pumping material up to 2 miles thru a 2-foot diameter pipe with a crew of 35. We coordinated response under OPA 1990 with the US Coast Guard and other parties, including abandonment in place and containment of a large oil slick. The slick was prevented from reaching the coast and the population of 34 species of marine mammals and 180 species of birds. No injuries or lost lives.
American Trucking Association’s seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 7.1% in August, following a 0.5% gain during July. In August, the index equaled 149 (2000=100), up from 139.1 in July. “Tonnage was stronger than most other economic indicators in August and more than I would have expected,” Bob Costello, the ATA chief economist, …
FedEx said on Tuesday a June cyber attack on its Dutch unit slashed $300 million from its Q1 2018 profit and the company lowered its full-year earnings forecast. FedEx reported the negative impact of the June 27 cyber attack was $0.79 per diluted share while the negative impact of Hurricane Harvey was $0.02 per diluted …
Kansas City Southern (KCS) does not believe its property and business income losses from Hurricane Harvey will exceed KSC’s $10 million self-insured retention. Extraordinary number because almost 60% of US surface trade with Mexico passes thru areas directly and indirectly affected by Hurricane Harvey.