NSM Insurance Group’s Behavioral Healthcare-Social Services Practice offers a full suite of advisory services that help our clients make strategic, sound decisions regarding insurance, risk management, mergers, and acquisitions.

Our team takes the time to listen and understand clients’ strategic goals in order to deliver innovative solutions for their risk management and insurance needs. We work with clients across the industry, including addiction treatment providers, social service organizations, and nonprofits.

Our extensive knowledge of the Behavioral Healthcare industry, nationwide work with premier providers, and vast knowledge of the insurance marketplace allows our practice to reach the highest standards in:

  • Insurance Coverage Review & Analysis
  • Alternative Risk Solutions
  • Insurance Tracking
  • M&A Due Diligence
  • Insurance Coverage Review & Analysis

For prospective clients or as an Independent service, we conduct an extensive coverage analysis of all property, casualty and management liability policies. We utilize our superior technical-coverage knowledge and vast industry experience to best serve you.  Our practice is uniquely qualified to successfully identify coverage deficits, inadequacy of insurance limits, and the absence of new coverage’s that address emerging risks in behavioral healthcare and social services. Corrective actions & strategies to address deficiencies are provided with a focus on protecting a client’s financial assets.

Exposure & coverage analysis also includes:

  • Financial strength of insurers and licensing
  • Concentration issues and blanket coverage
  • Adequacy of limits carried on underlying and excess levels
  • Broadness of policy coverage, terms & conditions
  • Deductibles and retentions
  • Need for specialty coverage /policies
  • Alternative risk solutions models
  • Alternative Risk Solutions

We deliver customized insurance solutions to fit our clients’ needs by taking the time to listen and respond to the organization’s strategic plans. Our goal is to become a consultant for our clients, and to help them to identify the best insurance and alternative risk solutions to meet their business objectives. Our practice reviews, educates, and guides clients until the process is finalized and provides ongoing consultation services and presentations at the committee and board levels.

Insurance Tracking

We work closely with both existing clients and prospective clients to carefully and thoroughly track insurance renewals. Our seasoned professionals have the resources and expertise to monitor these renewals and track all insurance exposures or renewal changes. With our services, our clients experience:

  • Improved insurance data quality and accuracy
  • Reduced operational expenses for clients & prospects
  • Streamlined tracking processes to maximize the time, efficiency and integrity of exposures and data
  • Submittal of notice of requirement letters to borrowers with missing insurance
  • Merger & Acquisition Due Diligence

We provide a wide range of M&A insurance due diligence services to assist clients and prospects through the lending and acquisition stages. We are proud of our outstanding track record for large, sophisticated transactions within the behavioral healthcare Industry.

Our transactional due diligence provides the knowledge and insight necessary for clients to decide what option is in their best interest, while our continuous due diligence services provides on-going insight into potential pitfalls and serves to protect our client’s financial interests. We also offer compliance review services, in which we examine an existing insurance program against the requirements found in executed agreements.

Our practice’s differentiator is our exclusive focus on your industry, as well as our unique combination of experience and expertise. We work efficiently and effectively to customize results that meet your strategic & financial objectives.

We provide the following services prior to closing and post-closing:

  • Review proposed policies and determine coverage acceptability based on exposures
  • Analyze proposed insurance and make recommendations for additional coverage
  • Determine insurance obligations by reviewing existing and proposed contracts
  • Assess risk through review of insurance provisions
  • Obtain certificates of insurance outlining coverage for lender’s interests
  • Provide detailed proposal of final insurance–outlining any exceptions and project’s total premium

Coverages

  • Property – Business Interruption (Business Income & Extra Expense)
  • Inland marine coverage
  • General liability
  • Medical Malpractice
  • Professional liability
  • Sexual Abuse / Molestation- Sexual Misconduct liability
  • Foster Parent liability
  • Managed Care liability
  • Commercial Automobile / Fleet coverage
  • Umbrella – Excess liability
  • Management Liability – Directors and Officers Coverage
  • Employment Practices Liability
  • Fiduciary Liability
  • Privacy and Cyber Liability
  • Crime coverage
  • Kidnap, Ransom & Extortion
  • Workers Compensation Coverage
  • Accident & Health Coverage