Risk Strategies Broker Octavius Smith Recognized as a 2021 At Large Power Broker
Octavius Smith, Senior Account Manager, Risk Strategies
TV production rarely goes smoothly. But the COVID-19 pandemic presented more challenges than usual for insurance coverage.
Octavius Smith has not shied away from taking them on, said a finance executive in the advertising industry who has worked with Smith for several years.
“He’s gotten very much involved in some of these very sticky situations with our agencies and our legal folks and our production people,” said the executive, who relies on Smith to handle the details.
“He gets the strategy that I’ve laid out that I want to accomplish.”
Clients also praise Smith for his ability to come up with creative insurance solutions to match the coverage needs for their creative visions.
“He’s a go-to guy for my entire organization,” said Tom Venditelli, associate director of business affairs for Droga5 LLC, a New York-based advertising agency.
Smith came through when Droga5 had to renew its insurance coverage last fall, Venditelli said. The company expected rates to jump and coverage to be reeled in. Neither came to pass, he said.
“They were able to keep everything that we had largely intact, with a few minor differences,” Venditelli said. “I feel that has impressed everybody at our organization.”
In 2019, Smith spearheaded the creation of a wrap-up insurance program that could cover smaller ad agencies, a program that had been almost exclusively available to larger advertising firms.
The result, designed for a trade association, was a cost-effective program with best-in-class terms and competitive rates, among other features.
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.