Moorestown,, NJ (PRWEB) October 01, 2013
A retail insurance broker representing an insurance program for a large nonprofit institution was hit with a substantial renewal increase on July 1st, 2013. Their Workers' Compensation policy renewal details can be seen below:
The broker of record had the following to share: "Due to the large increase quoted by the incumbent carrier, we decided to reach out to Epic Intermediaries. Epic pursued an innovative solution, leveraging their carrier relationships and preparing a comprehensive submission in an effort to improve the terms. Their unique approach and strategic collaboration with my agency, yielded a dramatically better value for my client. Epic Intermediaries provided a lower premium at a $750,000 SIR and an alternative option using a buy down/buffer layer of 250,000 reducing the SIR to $500,000. My nonprofit client was delighted with our efforts, rewarded with a savings of $35,000 (compared to the incumbent carrier), and also appreciated the option to mitigate the SIR. I'd recommend that other brokers faced with Excess Work Comp accounts reach out to Epic Intermediaries for creative solutions and a collaborative partner."
JM, Marketing Coordinator, Northeast Based Insurance Broker
(Contact Epic Intermediaries for the details about this broker)
About Epic Intermediaries
Epic Intermediaries is the premier Public Entity wholesale brokerage firm specializing in Self-insured Workers' Compensation and Pooling risks. Our goal is to increase the bottom line of our retail brokers. What separates Epic from the pack is the following:
For more information about Epic Intermediaries, the premier wholesale broker specializing in Public Entity Insurance and Self-insured Workers’ Compensation Insurance call us at: (856) 380-0217.