Beecher Carlson Broker Marc Toy Recognized as a 2019 Renewable Energy Power Broker
Marc Toy, Senior Vice President, Beecher Carlson
“Marc has been an outstanding resource for our company,” said one director of finance of Beecher Carlson’s Mark Toy.
“He played a critical leadership role in helping us consolidate and streamline our complex insurance program. Our project submission process is now much simpler, and we’ve seen premiums for parts of our portfolio fall by up to half of what we were paying previously and with improved coverage.
“We can now submit projects on a quarterly basis, with automatic back coverage to the beginning of the quarter,” the finance director added. “He found carriers that specialized in our asset types and better understood the risks of our business. As a result, our risk was viewed more fairly by underwriters and premiums were much lower.”
Another client is a utility-scale solar generator. “Marc started on our account just this year,” said a vice president of asset management. “He took over a complex account with complex financing: tax equity, debt, and capital sponsors.
Everything is complicated, our contracts, our insurance, our compliance, and our renewals. Our previous broker just assumed that our program was in compliance, but Marc dug in and found places where we were overexposed and underexposed. He got us better rates and filled those gaps.
“Getting a better rate from our hundreds of contracts was a heavy lift. We could not have done it without Marc’s attention to detail, hard work and understanding of our comprehensive situation.”
What is a Power Broker?
A Risk & Insurance Power Broker® is an individual who stands out among their peers for the exceptional client work they delivered over the past year. While brokers play many key roles in the insurance industry and risk profession, a Power Broker® award recognizes problem solving, customer service and industry knowledge.
Our goal is to broadly recognize and promote outstanding risk management and customer service among the brokerage community.
Who selects the winners?
Power Brokers are selected by Risk Managers based on the strength of the testimonials they provide to a team of 15 Risk & Insurance editors and writers.