This company was founded after the owner saw 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 firm was started to fill this void and developed a specialty practice that advises clients on what to look for in their insurance policies, how best to contractually protect themselves and their assets from physical loss, and how and where to purchase their insurance.
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. On a daily basis, Michael and his team are involved with all aspects of corporate risk management, assisting clients with the transfer, elimination, mitigation, and financing their risk of financial loss. 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.
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.
