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Equity Risk to serve defense, aerospace and government insurance market

Equity Risk Partners (ERP), an insurance brokerage and consulting firm, has established a new practice group to address the insurance requirements of defense, aerospace and government contractors.

The newly launched DefCon Risk will manage the contractors’ exposures and indemnification requirements, helping them to enhance their total risk cost.

Apart from offering broad coverages to the companies, the group will also provide them with access to global insurance market.

Led by ERP senior vice president Kim Hennessy, the DefCon Risk will guide the contractors to better identify and meet their requirements.

Hennessy said, ”Our clients are assured of specialized knowledge, fast and responsive communication and solutions tailored for their specific individual needs.”

Although the group will offer customized solutions to each customer, it also has some common placements, such as Defense Base Act coverage for companies with employees working under government contracts overseas, wrap global/domestic programs and tailored professional liability coverage.

Additional services include customized aviation programs and nuclear liability placements for aerospace and nuclear firms, as well as pre-loss claim and post-loss claim services.

Founded in 2001, Equity Risk Partners is a full-service insurance brokerage, employee benefits and risk management consulting firm offering specialized services to private equity companies.