This company’s owner founded it after recognizing a need in the marketplace. There was no unbiased objective service available to assess the risks of a business that provided counsel on a fee-for-service basis without any interest in the sale of insurance. The owner founded the firm to fill this void. They developed a specialty practice that advises clients on analyzing insurance policies, contractually protecting themselves and their assets from physical loss, and selecting the best insurance options.
Michael Gurval is the principal of ICA Risk Management Consultants in Long Hill, NJ. Michael’s group services clients that can be found throughout the United States and Canada. The team has a combined 100 years of experience handling all aspects of corporate risk management with a heavy emphasis on real estate. Michael and his team manage all aspects of corporate risk daily, helping clients transfer, eliminate, and mitigate financial risks. Additionally, they assist clients in financing potential losses. They truly offer a unique service to businesses.
ICA Risk Management was seeking capital during the pandemic. ICA needed funds to assist with the economic downturn and reduction of growth in business. The company faced a slowdown in collecting accounts receivable and navigating to a remote work environment while still paying all the expenses of maintaining an office which was no longer used.
The solution
Michael applied for the Employee Retention Credit (ERC) through NEWITY and received his full refund a few months later. Michael recalls that NEWITY made a very complicated process easy. He was especially grateful that NEWITY went to lengths to ensure ICA was eligible for the credit and that NEWITY provided a thorough write-up documenting the exact criteria that supported their eligibility. ERC helped Michael keep his business thriving during what could have been a difficult time.
