Krauter & Company Insurance Review
Brief Introduction and Overview of the Company
Krauter & Company is a prominent specialty insurance brokerage and risk management firm specializing in the unique risk and insurance requirements of private equity firms and their portfolio companies. Established in 2004 and headquartered in New York City, the company boasts a team of over 70 insurance professionals, each possessing an average of more than 25 years of industry experience [1]. This extensive experience translates into a deep understanding of the complexities of private equity transactions and the associated risks.
Key Highlights of the Company’s Market Position and Reputation
Krauter & Company holds a strong position within the insurance market, distinguished by several key aspects:
- Industry Leadership: The firm is widely recognized for its expertise in crafting and placing bespoke transactional risk products, such as Reps and Warranties insurance and Tax Opinion Insurance. Their pioneering work in the private equity sector is evident in their role in designing and placing the first private equity portfolio program in 1988 for a top-tier private equity firm [1]. This early adoption of innovative insurance solutions showcases their forward-thinking approach and commitment to client needs.
- Extensive Client Base: Krauter & Company serves a diverse clientele, including over 185 private equity firms and thousands of their portfolio companies. The firm's reach extends beyond private equity, encompassing large, nationally recognized corporations across diverse industries such as accounting, airlines, staffing, and restaurants [1]. This broad client base demonstrates the versatility and adaptability of their insurance solutions.
- Industry Recognition: Many K&C employees have garnered prestigious industry awards, including Risk & Insurance’s Power Broker and Business Insurance’s Women to Watch. Their inclusion in carrier Producer Councils further validates their expertise and market standing [1]. These accolades underscore the high caliber of professionals within the firm and their commitment to excellence.
Overview
Year of Establishment and Background Story
Krauter & Company was founded in 2004 by Neil Krauter, a seasoned insurance professional with a distinguished career at Lloyd’s of London, Marsh, and AON. At AON, he played a pivotal role in building and managing the AON Mergers & Acquisitions Group [1]. His extensive experience provides a strong foundation for the company’s success and its deep understanding of the intricacies of the M&A landscape.
Key Milestones in the Company’s History and Growth
- Launch of Private Equity Principal Group: In 2014, Neil Krauter established the Private Equity Principal Group, a network currently comprising over 130 members. His active involvement extends to serving on the board of the Private Equity CFO Association (PECFOA) [1], demonstrating a commitment to industry collaboration and leadership.
- Strategic Expansion: Krauter & Company has expanded its geographical reach beyond its New York City headquarters, establishing eight additional offices across the United States, including key locations such as Chicago, San Francisco, Los Angeles, Houston, and Boston [1]. This expansion reflects the company’s growth and its commitment to providing convenient access to its services for clients nationwide.
Regulatory Compliance and Licenses
Krauter & Company maintains the necessary insurance licenses to operate legally as a brokerage firm. However, specific license details are not publicly available through the provided sources. For precise information regarding regulatory compliance and specific licenses, it is recommended to contact Krauter & Company directly or consult relevant state insurance authorities.
Insurance Products and Services
Main Insurance Products
Types of Insurance Offered:
- Private Equity Insurance: The company’s core expertise lies in delivering tailored insurance solutions addressing the unique needs of private equity firms and their portfolio companies. This includes specialized coverage such as Reps and Warranties insurance and Tax Opinion Insurance [1]. These specialized products mitigate the inherent risks associated with private equity transactions.
- M&A Due Diligence: Krauter & Company's capabilities extend beyond insurance placement, encompassing deep M&A due diligence and employee benefits analysis [1]. This holistic approach assists clients in managing the total cost of risk.
- Other Insurance Products: While the provided sources do not detail the full range of insurance products offered, it is understood that Krauter & Company offers a diverse portfolio beyond their core private equity focus.
Coverage Options and Policy Details
Krauter & Company distinguishes itself by providing personalized insurance solutions crafted to meet the specific requirements of each client. However, detailed information on coverage options and policy specifics is not publicly accessible. For precise information, direct contact with the company is recommended.
Additional Services
- Financial Advisory Services (Mergers & Acquisitions): Beyond insurance brokerage, Krauter & Company offers comprehensive financial advisory services, particularly within the context of mergers and acquisitions, encompassing thorough M&A due diligence [1]. This integrated approach provides clients with a holistic view of their financial landscape.
- Employee Benefits Analysis and Risk Management: The company provides detailed analysis of employee benefits programs and comprehensive risk management services, ensuring the total cost of risk remains effectively managed for their clients [1]. This proactive approach assists companies in optimizing their benefit strategies and mitigating potential risks.
- Claims Assistance and Support: Krauter & Company offers dedicated claims support to its clients, ensuring claims are handled efficiently and effectively [1]. This commitment to seamless claim processing minimizes disruption for their clients during challenging situations.
Premiums and Pricing
Pricing Structure
Krauter & Company utilizes a customized pricing approach, tailoring insurance premiums to individual client needs. However, specific premium rates are not publicly available [1]. To obtain precise pricing information, it's essential to contact the company directly with details of your specific needs.
Comparative Analysis with Industry Averages
While precise comparative data against industry averages is unavailable in the provided resources, Krauter & Company is recognized for its competitive pricing within the private equity insurance sector [1]. For detailed comparison analysis, direct communication with the firm or independent research is advised.
Discounts and Special Offers
Krauter & Company offers multi-policy discounts to clients [1]. However, detailed information regarding other potential discounts or limited-time promotional offers is unavailable from the provided resources. For the most up-to-date information on available discounts and promotions, it's best to contact the company directly.
Customer Service and Support
Contact Methods
Krauter & Company can be reached by phone at (212) 596-3400 [5]. While email and live chat support options may exist, these contact details are not publicly accessible through the sources provided.
Availability of 24/7 Support and Multilingual Assistance
The provided sources do not contain information regarding 24/7 support or multilingual assistance. To inquire about these services, it is recommended to contact Krauter & Company directly.
Pros and Cons of Krauter & Company Insurance
Pros
- Comprehensive Coverage: Krauter & Company provides extensive coverage meticulously tailored to the specific needs of private equity firms and their portfolio companies [1].
- Deep Industry Expertise: The firm's vast experience and specialized knowledge within the insurance industry establish them as a highly trusted partner for their clients [1].
- Customized Solutions: Their commitment to personalized insurance solutions ensures each client receives a tailored approach that precisely addresses their unique requirements [1].
Cons
Limited public information exists regarding potential shortcomings or areas for improvement. For a balanced perspective, it's advisable to consult client reviews and engage in direct communication with the company to obtain a comprehensive understanding of their services.
Conclusion
Summary of the Main Points Covered in the Review
Krauter & Company is a leading specialty insurance brokerage and risk management firm, providing specialized insurance solutions for private equity firms and their portfolio companies. Their reputation is built upon expertise in designing and placing tailored transactional risk products, coupled with comprehensive coverage, customized solutions, and expert financial advisory services.
Recommendations on Who Would Benefit Most from the Company’s Insurance Offerings
Private equity firms and their portfolio companies are the primary beneficiaries of Krauter & Company's insurance offerings due to the firm's specialized knowledge, tailored solutions, and deep understanding of the complexities of the private equity industry.
Frequently Asked Questions about Krauter & Company Insurance
Here are answers to some frequently asked questions about Krauter & Company's insurance policies, claims process, and more:
- What types of insurance does Krauter & Company offer? Krauter & Company specializes in insurance solutions for private equity firms and their portfolio companies, including Reps and Warranties coverage and Tax Opinion Insurance [1].
- How does Krauter & Company handle claims? The company provides dedicated claims assistance to ensure efficient and effective handling of all client claims [1].
- What is the pricing structure for Krauter & Company’s insurance services? Krauter & Company offers customized pricing based on client-specific needs [1]. Specific premium rates are not publicly available.
- Does Krauter & Company offer any discounts or special offers? Multi-policy discounts are offered [1], though details about other potential discounts are unavailable from the provided resources.
- How can I contact Krauter & Company for customer service? You can contact Krauter & Company via phone at (212) 596-3400 [5].
References
- [1] https://www.risk-strategies.com/press-releases-risk-strategies-acquires-krauter-company
- [3] https://rocketreach.co/krauter-company-profile_b5c7d10ff42e0d5e
- [5] https://www.zoominfo.com/c/krauter--co/354527362
