FREQUENTLY
ASKED QUESTIONS

We’re here to answer any questions you may have.

You should feel confident in your commercial and liability insurance programs. We are here to help you fully understand your company’s risks and insurance policies and answer frequently asked questions.

What does MB Davis Group do?

We’re Commercial Insurance Consultants, which means we help our clients understand their insurance and help them manage it better. In short, we don’t sell insurance. Rather, we become your out-sourced insurance department.

We work in a variety of industries worldwide, including commercial real estate, manufacturing, chemicals, technology, finance, retail, health care. We’ve developed substantial expertise in high-risk Property insurance, Pollution Liability, and Remediation, Cyber, Technology, Professional, and Crime coverage, International exposures, and high-hazard Products Liability, Auto, and Workers’ Compensation. In addition, a large part of our practice involves Insurance Due Diligence work, often associated with private equity acquisitions.

Why would I need a consultant when I have my insurance broker?

While the brokers we work with are highly competent professional who strive to do a good job for us and for their clients, it’s no secret that insurance brokers need to make commissions.  Because of this, they often can’t offer the advice, time, and resources they should. Brokers may sincerely want to spend hours answering your technical questions — and I know that many of them sincerely want to help here — but often need to focus on other priorities so that they can stay in business.

Additionally, our firm has technical expertise that usually exceeds that of a typical broker. The nature of our work brings us many complex, unusual cases, so we’ve necessarily gained a lot of experience with situations that a lot of brokers may never see in their careers.  Because of that, we’re able to help brokers do their best work and bring their best resources to help solve our client’s problems.

If I hire you, what are some of the benefits I can expect?

If you decide to partner with us, we’ll become an integral part of your organization just like many of the trusted professionals that you work with in other fields. We’ll provide you with objective advice without conflict of interest, experienced negotiations, and cost and time savings. You’ll also receive clear communication and gain an accessible business partner.

How do I get started?

Let’s start with a conversation — please give me a call — Mitch Davis, 512.334.9900. We can talk about your company, and your specific concerns and challenges.

Who are your clients?

In our many combined years of experience, we have developed expertise in many prominent industries, providing custom solutions to every company.

I am the principal of the MB Davis Group, and I’ve been active full-time in the insurance industry for nearly thirty years. We’re a small company, and I have three full-time staff working out of our New Jersey office. Every member of our staff has over twenty years of individual insurance industry experience and spent time at large, national firms before joining the MB Davis Group. (I like to say that, collectively, my company has over a century of insurance experience.) I’m very proud of our dedicated, expert, diligent, and very friendly team.

Our clients are in a variety of industries. We have dozens of clients and have worked on projects around the world. Roughly half of our clients are in commercial real estate, with the balance in manufacturing, chemicals, technology, finance, retail, and health care. We’ve developed expertise in high-risk Property insurance, Pollution Liability, and Remediation, Cyber, Technology, Professional, and Crime coverage, International exposures, and high-hazard Products Liability, Auto, and Workers’ Compensation. In addition, a large part of our practice is Insurance Due Diligence work, often associated with private equity acquisitions.

Our practice is national, with clients in the Boston/New York/Washington/ Florida corridor, Ontario, and Texas. Our clients also have holdings and throughout the country and the world. We’ve also recently opened an office in Austin, and we’re particularly looking to grow our business in Texas.

What will MB Davis charge for their Commercial Insurance Consulting?

Whether we’re doing project work, or whether we’ve been engaged for longer-term management work, we charge our clients a flat fee. This is either a flat project fee or a flat annual fee, depending on the nature of the work. This fee is fixed, without any additional hourly, travel, or extraneous charges. This fee structure not only simplifies our business relationship but also is designed so that you won’t hesitate to call us if you have a problem or question.

Given that our fees are in addition to your insurance premiums, it normally doesn’t make economic sense to hire us to provide ongoing insurance consulting management services unless your overall insurance premiums are at least $500,000/year or so. Naturally, there are exceptions. Some companies may have particularly complex Professional Liability, pollution, crime, Cyber, or other issues that would warrant our specific expertise. But, generally, our services work best for mid-sized companies roughly in the $500,000 – $10 million annual premium range.

And, though we can’t make promises here, we often pay for ourselves through reduced overall premium. That is when we restructure or remarket and insurance program, often we’re able to reduce the overall cost by well more than our fee.

What is an insurance audit?

While insurance is a fundamental part of nearly every business, we find that it’s something very few business owners and senior managers are truly comfortable with. If you’re running a successful business, you likely have a sophisticated understanding of your company’s products, services, assets, leases, financial structure, client base, and regulatory oversight, not to mention the many other things that make your business successful. But if you’re a typical manager, you probably don’t understand your insurance as well as you understand the rest of your business.

The insurance audit helps address this knowledge gap.

When we perform an audit, we help you understand your insurance, how it works, what it does and doesn’t do, how it fits into your company’s overall strategy, and how, if necessary, it should be fixed.

Preparing an audit for our clients is usually a 4- to 6-week process consisting of interviews, questions, analysis, and lots of reading. A large part of the insurance audit process involves us getting to know you and your company so that we can better understand what your needs are, which in turn helps us all understand what changes in your insurance and risk management programs can best address these needs. We’ll then prepare our report and present it to you personally and give you the chance to ask as many questions as you’d like. And at the end of the process, you will understand your insurance much better, and have a clear sense of how to improve it.

Help Us Understand Your Needs

Don’t let your insurance program become a thorn in your side. We’ve helped companies in various industries find successful solutions.

How well do you really understand your company's insurance?