We use a process called The Financial Critical Path Partnership to work with our clients. Let's take a look at that name because it is descriptive of the results that we can bring to you. First of all, Critical Path refers to a plan to keep you on track moving toward the successful completion of your goals and needs in each area - Risk Management/Insurance, Bonding, Employee Benefits, or other items. It's kind of like building a project and using the Critical Path Method to get the job done.

Next, it is a Financial process because each of the areas affect a critical financial area of your company. The third word is Partnership and that characterizes the type of relationship that creates the best results. Tom Ellis and McQueary Henry Bowles Troy want to partner with you helping to bring and implement solutions which bring success to your endeavors.

The first step is the completion of the Financial Critical Path Survey. This is completed together with you and it gives us detailed information about your assets, your people and your financial condition. The Financial Critical Path Survey focuses on the following specific areas:

analysis and review of property and casualty insurance

One of the principal ways of dealing with the risks that you face is to transfer the risk to another. While there are several ways to transfer risk, one of the major methods used is the purchase of an insurance policy. This review covers the financial condition of your current insurance companies, coverage provided or not provided, premium rating, entities covered, and specific items insured.

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analysis of financial statements, focused on bonding

MHBT represents most of the major Surety Companies and we are licensed in all states. Our Bond Team has over 130+ years experience in the surety business and enjoys a reputation for integrity and professionalism. Our clients span the construction industry spectrum including highway, utility, general building, electrical, mechanical and many specialty trades. We are client driven.

We review your financial information with a focus on bonding but we also are looking for uninsured property or other uncovered exposures to loss. Our relationship with you will be based on candor, confidence and communication which makes strong partnership.

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analysis and review of employee benefit programs

Through our proprietary software system, Zywave©, MHBT is able to analyze your claim data independently of insurance companies which allow you to better manage your group's health claims and costs. The information from Zywave© will show how your plan is performing in relation to other similar companies in regards to industry, age/sex and normative data and then help you to correct areas of concern that fall outside expected ranges. Our review of your plan is focused on meeting your needs.

MHBT is an independent broker/consultant with no allegiance to any vendor. We perform regular evaluations of all our customers' vendors to ensure that they are providing the level of service our clients need. If a vendor is performing at a sub-standard level, MHBT will search, evaluate and make a recommendation on a replacement vendor who better suits you.

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analysis and review of 401k, buy/sell and key-man insurance coverages

We can also help you in the following areas:

• Retirement and Tax Planning through buy-sell agreements, deferred compensation plans, executive bonus, leveraged split dollar, key man insurance programs, section 162 bonus plans, and group life. It is essential to have competitive retirement plans to retain your employees. We have the ability to design, implement, and handle the investment funding for all qualified plans.
• Estate Planning and Asset Protections - This team specializes in planning for asset protection, retirement, charitable gifting, and establishing Family Limited Partnerships. In addition, we can assist you in tailoring a plan to protect you against the financial strain of a long-term care expense.

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a risk management review focused particularly on contracts

Our mission is to assist you in maximizing the effectiveness of your risk management strategies. We offer a partnership to provide you seamless outsourced risk management solutions. This partnership enables us to function as part of your team eliminating the need for you to maintain an on-staff risk management department. Contract review and recommendations are critical functions MHBT can help you with

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contract review

Construction contracts are getting more complex every month.  The provisions being incorporated in them are increasingly onerous and adverse to you.  You have got to review your contracts and strike unreasonable clauses.  Let us help you with difficult contract provisions.

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analysis and review of your safety program and loss control practices

Our goal is to provide you a dependable and reliable source to guide, manage or augment your safety and accident prevention activities. The core of our Loss Control service philosophy is to provide impartial safety engineering services to you while holding paramount the safety and health of people and the protection of property and the environment in performing our professional duties. We partner with you and your insurance carrier to provide Loss Control services specifically designed to reduce risk and minimize financial loss.

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review and analysis of claims history and prior claims management practices
The bottom-line cost of your insurance is directly affected by the cost of your claims. The focus of your safety and loss control efforts are before a claim happens and are directed at reducing or eliminating the loss entirely. After the loss happens, claims management is focused on making sure your claims are promptly and properly handled. Claim management is also concerned with reducing the cost of the claim and making sure claim reserves are appropriate. We review prior practices and set a plan for periodic reviews in the coming year.

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Contact: Tom P. Ellis III
Construction Insurance and Bond Specialist
McQueary Henry Bowles Troy, L.L.P.
12700 Park Central Drive    Suite 1700     Dallas, Texas 75251
972-770-1672   Fax  972-770-1475
800-443-0185 Ext 672

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