Usi Insurance: Public Or Private?

USI Insurance Services is one of the largest insurance brokerage and consulting firms in the world. It offers a wide range of services, including property and casualty insurance, private equity, employee benefits, and personal risk management. With over 10,000 professionals across 200 offices, USI serves clients' local, national, and international needs. The company has a long history of investing in local communities and has been recognised for its innovative wellness and human resource practices. USI also provides public entity insurance, serving state and local municipalities, utilities, public school districts, and more. The company leverages its USI ONE Advantage® platform to deliver customised solutions and positive bottom-line impact. Headquartered in Valhalla, New York, USI has a strong presence in the industry and is committed to serving its clients' diverse insurance needs.

USI's insurance services for public health emergencies

USI Insurance Services is one of the world's largest insurance brokerage and consulting firms, offering a range of services to help clients prepare for and respond to public health emergencies. They provide resources, tools, and advisory services to assist businesses and individuals in mitigating risks and managing claims and coverage during a crisis.

During the COVID-19 pandemic, USI provided comprehensive support to address the various challenges faced by its clients. They offered guidance on business continuity, employee safety, and communications. This included resources such as work-from-home guides, reopening guidelines, and checklists for different industries to ensure a safe return to work. USI also provided updates on relevant legislation and regulations, such as OSHA's vaccination guidance and the extension of the public health emergency declaration.

In addition to COVID-19, USI has experience in helping clients navigate other public health emergencies. For example, they provide travel insurance services and resources for travellers affected by travel advisories and restrictions during the COVID-19 outbreak. They also offer support for other emergencies, such as wildfires and natural disasters, by providing risk management guidebooks and preparedness resources.

USI's approach to public health emergencies is comprehensive and tailored to the specific needs of their clients. They leverage their USI ONE Advantage®, an interactive platform that combines proprietary client solutions, local and national expertise, and collaboration to deliver customized results. This platform enables USI to guide clients through the risk control process, from identifying sources of loss to implementing targeted solutions.

USI's public entity practice serves state and local municipalities, utilities, school districts, transit authorities, and emergency responders, among others. They advise these entities on a range of insurance coverages, including workers' compensation, general liability, public officials' liability, and cyber liability. USI also offers specialty services such as safety call centre support, loss forecasting, and risk control to help public entities effectively manage their unique risks and challenges.

USI's private equity practice

As part of their comprehensive offering, USI conducts a thorough insurance due diligence process, carefully reviewing offering memorandums and purchase-and-sale agreements to identify potential risks and red flags. They assist in defining pre-closing liabilities and provide insurance solutions to facilitate transactions. USI also offers cost-effective property and casualty insurance, as well as employee health and welfare insurance services, ensuring that the acquiring company's risk management principles are implemented effectively.

The company's property and casualty team leverages USI ONE®, a unique approach to risk management. By integrating proprietary business analytics with a network of technical experts, they evaluate client risk profiles and provide tailored recommendations to improve their total cost of risk. USI's Private Equity Team has successfully helped a manufacturing affiliate facing significant Workers' Compensation claims. Through detailed analysis and targeted loss prevention studies, USI helped implement new operational procedures and safety guidelines, resulting in increased productivity, profitability, and a dramatic decrease in claims activity. The economic impact on EBITDA from insurance cost reductions and productivity improvements totalled $1.2 million, leading to an expected increase in the company's value at the time of harvest.

With their comprehensive solutions and dedicated team, USI's Private Equity Practice offers private equity buyers and sellers the convenience and expertise needed to navigate the complex world of mergers and acquisitions, protecting company assets and maximising the value of each deal.

USI's public entity practice

USI advises public entity clients on existing and emerging exposures addressed through customized insurance programs. These include Workers' Compensation, General Liability, Public Officials Liability, Environmental Liability, Automobile Liability, Law Enforcement Liability, School Board Liability, Umbrella/Excess Liability, Cyber Liability, Crime, Surety/Bonds, and Builder's Risk Insurance.

By leveraging USI ONE®, a unique approach to risk management, USI's Public Entity team integrates proprietary business analytics with a network of local and national technical experts. This enables them to evaluate the client's risk profile, identify targeted solutions, and provide tailored recommendations to improve their total cost of risk.

USI's insurance due diligence

USI Insurance Services is an insurance brokerage and consulting firm that provides a range of services to its clients, including risk management, insurance due diligence, and employee benefit consulting.

Additionally, USI offers insurance due diligence services for initial public offerings (IPOs). This includes benchmarking services, environmental coverage, loss portfolio transfer, and representations and warranties insurance, among others. USI's property and casualty team leverages USI ONE®, a proprietary approach to risk management, integrating business analytics with a network of technical experts to evaluate client risk profiles and provide tailored recommendations.

USI also has a Public Entity Practice that serves state and local municipalities, utilities, school districts, transit authorities, and emergency responders. They advise these entities on risk management strategies, providing customized insurance solutions. USI's Public Entity Practice offers a range of specialty services, including management and professional services, budget preparation, safety call center services, loss forecasting, and claims management.

Overall, USI's insurance due diligence services aim to protect company assets, ensure informed decision-making, and provide comprehensive risk management solutions for both private and public sector organizations.

USI's history and growth

USI Insurance Services is celebrating its 30th anniversary in 2024. The company was founded in 1994 with a single office, 40 associates, and $6.5 million in revenue. Over the years, USI has grown significantly and now boasts over 10,000 associates across 200 offices nationwide, with more than $2.7 billion in revenue.

USI is a world leader in risk management, employee benefit, and retirement consulting. The company has served over 500,000 clients, meeting their property and casualty, employee benefit, personal risk, and retirement needs. USI has a long history of deep investment in its local communities and has become a premier insurance brokerage and consulting firm by leveraging the USI ONE Advantage, an interactive platform that integrates proprietary and innovative client solutions.

USI's award-winning culture attracts best-in-class industry talent with a focus on innovation, technology, and industry expertise. The company has been recognised as a top insurance employer by Insurance Business America for seven consecutive years and has been named a Best Place to Work in Insurance by Business Insurance for five consecutive years.

In addition to its business achievements, USI is committed to social responsibility and supporting positive change in local communities. The company's USI Gives Back campaign has positively impacted over three million lives since its inception in 2014. As part of its 30th-anniversary celebration, USI expanded its support for nonprofit organisation One Tree Planted, assisting in the planting of over 30,000 trees in the United States.

Frequently asked questions