Insurance & Risk Management

Scopelitis understands the complex legal issues and potential risk exposure facing the transportation industry and has regularly provided guidance and direction on insurance and risk management strategies. The Firm has assisted many insurance companies and affiliated insurance professionals design risk management and insurance arrangements that align with the needs of transportation industry participants, including non-trucking insurance products, occupational accident insurance policies, contingent insurance coverages, broker liability products, and various alternative risk strategies that may involve captive insurance arrangements.  The primary goal is to assist transportation entities and insurance professionals strike an important balance between providing the optimum risk and insurance protection with the practical considerations of the individual transportation client as well as the cost of the insurance product.  In this regard, we are often called upon to review and provide advice on many of the following risk management related issues:

  • Workers’ compensation coverage and premium audits, including the application of the NCCI’s rules or other state-specific regulations
  • Qualifying for self-insurance authority at either the state or federal levels, including the self-insurance program maintained by the Federal Motor Carrier Safety Administration
  • Minimizing risk exposure and claim reserves while reducing or recovering collateral and security requirements such as significant claim-fund deposits and costly letters of credit
  • Loss sensitive insurance products that may include high-deductibles, retrospective rated premiums or multi-tiered policies
  • Formation of risk retention and risk purchasing groups pursuant to the Liability Risk Retention Act
  • Establishment of domestic and offshore captive insurance arrangements
  • Analyzing risk management and insurance arrangements that may run afoul of applicable insurance laws or may be regarded as the unauthorized business of insurance or insurance brokerage
  • Analysis of health insurance and welfare benefit programs for compliance with the Affordable Care Act and arrangements that may be regarded as an inappropriate Multiple Employer Welfare Arrangement
  • Identify potential coverage gaps in primary or excess insurance, claims handling, and insurance policy and coverage analysis

Our team approach to problem-solving includes relationships with knowledgeable industry participants and transportation insurance professionals throughout the country. Through the joint efforts of our attorneys and knowledgeable transportation insurance representatives, we assist clients in managing their risk exposure and resolving or avoiding insurance regulatory problems, coverage issues, premium disputes, and potentially costly litigation.

While other firms may often focus on the traditional adversarial approach as a first resort, the Scopelitis Insurance & Risk Management team uses planning and preventive strategies to avoid litigation when possible. Reach out to us to ensure that your insurance coverage and risk management programs align with your business and operational goals.

Insurance & Risk Management

Scopelitis understands the complex legal issues and potential risk exposure facing the transportation industry and has regularly provided guidance and direction on insurance and risk management strategies. The Firm has assisted many insurance companies and affiliated insurance professionals design risk management and insurance arrangements that align with the needs of transportation industry participants, including non-trucking insurance products, occupational accident insurance policies, contingent insurance coverages, broker liability products, and various alternative risk strategies that may involve captive insurance arrangements.  The primary goal is to assist transportation entities and insurance professionals strike an important balance between providing the optimum risk and insurance protection with the practical considerations of the individual transportation client as well as the cost of the insurance product.  In this regard, we are often called upon to review and provide advice on many of the following risk management related issues:

  • Workers’ compensation coverage and premium audits, including the application of the NCCI’s rules or other state-specific regulations
  • Qualifying for self-insurance authority at either the state or federal levels, including the self-insurance program maintained by the Federal Motor Carrier Safety Administration
  • Minimizing risk exposure and claim reserves while reducing or recovering collateral and security requirements such as significant claim-fund deposits and costly letters of credit
  • Loss sensitive insurance products that may include high-deductibles, retrospective rated premiums or multi-tiered policies
  • Formation of risk retention and risk purchasing groups pursuant to the Liability Risk Retention Act
  • Establishment of domestic and offshore captive insurance arrangements
  • Analyzing risk management and insurance arrangements that may run afoul of applicable insurance laws or may be regarded as the unauthorized business of insurance or insurance brokerage
  • Analysis of health insurance and welfare benefit programs for compliance with the Affordable Care Act and arrangements that may be regarded as an inappropriate Multiple Employer Welfare Arrangement
  • Identify potential coverage gaps in primary or excess insurance, claims handling, and insurance policy and coverage analysis

Our team approach to problem-solving includes relationships with knowledgeable industry participants and transportation insurance professionals throughout the country. Through the joint efforts of our attorneys and knowledgeable transportation insurance representatives, we assist clients in managing their risk exposure and resolving or avoiding insurance regulatory problems, coverage issues, premium disputes, and potentially costly litigation.

While other firms may often focus on the traditional adversarial approach as a first resort, the Scopelitis Insurance & Risk Management team uses planning and preventive strategies to avoid litigation when possible. Reach out to us to ensure that your insurance coverage and risk management programs align with your business and operational goals.

Practice Group Leaders