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The Nevada Contractors Association
G
reg Pike is Vice President at LP
Insurance in Las Vegas. With
more than 20 years of insurance
industry experience, he has the
knowledge and skills necessary to help
construction clients manage and plan for
all potential risks. “LP Insurance is proud
to support contractors in our community,”
said Pike, “and we work diligently inside
our business model to help them build
a better business.” Understanding the
business of risk is what LP Insurance
does best. Risk is inherent in every
company, and LP Insurance teaches
clients how to evaluate, manage, mitigate,
and, ultimately, avoid that risk.
“Is your current broker actually acting as
a partner, a counselor, and advisor, or
are they simply just showing up once a
year with an off-the-shelf product?” Pike
often asks a first-time client. “Typically we
find it’s the latter because our brokerage
community in Las Vegas is not very
progressive.” LP Insurance identifies
the areas of risk that can be transferred
economically to an insurance company.
“Insurance is not always the best solution
for transferring risk, but it works on
some broad brush strokes: automobile
liability, workmans’ comp, etc.” LP’s
risk management platform is one that
provides a comprehensive, year-round
approach to their customers. They offer
two levels of service: an online service
module with training videos and a risk
management staff with loss-control
specialists to lead hands-on training and
certification classes (forklift, fall protection,
driving, etc.). Several staff members are
bilingual, offering classes in Spanish to
better serve the large Hispanic population
in the construction arena.
LP Insurance has two on-staff attorneys,
but they do not provide legal advice.
What they do provide is a consulting
report that reviews their clients’
contractual risk transfer. Clients can
then go over the report with their own
corporate attorney. “We’ve been very
successful in transferring risk that has
netted our clients hundreds of thousands
By Chad Andycha
RISK MANAGEMENT
Is Your Broker Really Working for You?
“Lowest bid is
not the way to
buy insurance.”
FEATURE