Boca Raton, FL (PRWEB) October 24, 2006
One local company, Global Fiduciary Advisors, LLC is exploring an innovative approach to reduce the cost of health insurance in South Florida.
Many challenges face small business owners in South Florida: the rising cost of insurance, employee pay, recruiting, and keeping qualified and dedicated employees at all levels. One local company is trying to make it simpler for small business owners to reduce costs and retain key employees.
Global Fiduciary Advisors is currently negotiating with several large national health insurance carriers to apply advanced underwriting techniques that were historically only available to the nation's largest corporations. The concept involves the pooling of small business groups to spread the risk exposure over a larger group resulting in lower premiums. The National Federation of Independent Small Business estimates that small businesses could lower their health insurance costs by 15% to 30% through this type of arrangement.
Robert Bent, President of Global Fiduciary Advisors LLC, stated that "small business owners do not have the time and should not be expected to become an expert on health insurance, that is our job and we have the experience and knowledge to make it work. We do the insurance shopping and our goal is simple -- to find the best products and services for the lowest price." Global Fiduciary Advisors also provides full service administration to its clients free-of-charge.
The organizations that will ultimately benefit from this are business organizations supporting small business, like the local Chamber of Commerce groups and other incorporated professional and business organizations.
Mr. Bent further stated that "our next objective will be to apply this concept to individual health insurance policy owners who are members of incorporated organizations like religious organizations and homeowners associations."
Interested companies, business organizations and individual membership organizations can obtain additional information by contacting Global Fiduciary Advisors at (800)892-2218.
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