How We Think Differently

The changing global landscape has prompted businesses to reassess their risk management strategies. Emerging risks, regulatory requirements, and legal liabilities have made traditional insurance coverage often insufficient for many. Similarly, individuals in high-risk industries such as sports and entertainment are facing unprecedented levels of risk due to social media, litigation, and cancel culture, potentially resulting in continuous and severe financial losses. Nova Risk Transfer emerged as a practical solution to effectively address these challenges. It provides expense reimbursement and loss of business revenue coverage against brand and reputation damage, along with other risks, offering a reliable way to safeguard their interests. By leveraging premium financing, Nova establishes multiple layers of capital, opening doors to potential savings and investment opportunities in both the short and long term.

What is Nova Risk Transfer?

Nova Risk Transfer is an Excess & Surplus Line—Alternative Risk Transfer method to insure non-traditional business risks, particularly those risks that are typically self-insured (or are unavailable or too costly in the commercial market), on a cash flow efficient basis. The fully integrated insurance arrangement is a composite of the benefits of alternative risk transfer, traditional P&C underwriting, and premium financing, which in turn creates a more efficient non-traditional business risk insurance model.