Services

Our Services

The Right Business Insurance With The Right Agent For The Right Price

The transactional costs for business insurance are too high. We work with your agent to control these costs by supervising their activity. Another tool is to compare cost and coverage by the benchmarking provided by our affiliation with Crain Langner & Co. Crain Langner & Co. has been serving as Risk Manger to Ohio businesses since 1939. The goal is to protect the core family legacy assets! Business risks are evaluated and solutions are offered to guide the family owned business in the management of risks.

Financial Planning - Life Insurance Portfolio Review

Few industries have changed as dramatically over the past 20 years as life insurance.

Decreases in long term interest rates and lengthening mortality tables have caused many plans to underperform projections.

A developing problem in many programs is the increasing cost of the life insurance premiums. As the person ages many plans could become in danger of lapsing even if the regularly billed premiums are paid!

An objective comprehensive life insurance audit would include:

Program performance to date versus original projections.
Appropriateness of the amount, type and design of coverage.
Updated projections and benchmarks to similar plans.
Adjustments for tax planning purposes.

View Legacymedplans.com

View the Legacy Risk MedPlans brochure

Employee Benefits Consulting- Legacy MedPlans.com

The escalating cost of health insurance is a threat to a family's legacy.

Strategies will be designed to meet this challenge, for both family businesses as well as individual family members who find themselves uninsured.

Professional Public Adjuster Services

The 3 D's, Deny, Delay, Defend, is a claims strategy increasingly used by many insurance companies. This strategy is employed in both personal home and auto insurance as well as business insurance. The insurer's objectives: Deny as much coverage as possible; Delay a final resolution of the claim as long as possible; Defend aggressively against litigation by the insured.

The insurance policyholders best strategy against the 3 D's is to retain the services of a Public Adjuster. Legacy Risk Solutions serves as a licensed Public Adjuster when needed. LRS assists the client throughout the claim process, including the preparation of the all important Proof Of Loss Statement. LRS also works with either internal accounting or outside forensic accounting professionals, to properly account for the loss expenses and to prove the business income loss.

LRS has prepared a list of guidelines to assist claimants in the claim adjustment process. Top Ten Guidelines For Adjusting Insurance Claims, is available at no obligation. Call or email your request to Ken Butler, at 330-659-6337, kenblegacy@aol.com.

How to Reduce Family Liquidity Crisis Risk

Planning for the family's safety, security and the preservation of their legacy.

Each plan is tailored to the family's needs, including business continuity planning for the family's commercial interests. Plan objectives include:

Protect the most valuable asset - the people.
Structure the plan to meet the most likely challenges to the Family Legacy, including founder death, pandemic disease and other catastrophic events.
September 2008 demonstrated that a global financial crisis is multi-dimensional, with governments unable to stop the panic. LRS assists families in the development of mitigation strategies to lessen the likelihood of a liquidity crisis.
Structure the plan to meet the most likely challenges to the family's liquidity and legacy, including founder death, pademic disease, catastrophic Acts of God, and insurance coverage gaps.