Performance Based Insurance
Many companies utilizing Performance Based Insurance programs save 25% to 35% on their insurance costs.
Avon, CT (PRWEB) August 26, 2014
Join author and industry subject matter expert Bob Phelan as he explains what the Fortune 500 can teach middle market companies - specifically how to achieve significant savings on business insurance. The Fortune 500 utilize something called Performance Based Insurance, and many have done so for decades. The results have reduced Fortune 500 premiums by hundreds of millions, and these plans can now provide dramatic savings for middle market companies. Unlike traditional insurance where the carrier retains large portions of the premium to subsidize poorly performing businesses, Performance Based Insurance plans return unused premiums to the participating companies. Topics include:
- Why the Fortune 500 adopted this type of insurance
- Definitions and examples of Performance Based plans
- Captives, large deductible, and other Performance Based plans
- Subsidy Based vs. Performance Based
- Why are premium swings controllable
- Savings examples by company profile
Date & Time: Wed, Aug 27, 2014 12:00 PM - 12:25 PM EDT
Click here to register.
After August 27th, this webinar will be available on demand. Use this link for the recorded webinar.
Who should attend: Owners, CEOs, CFOs facing total premiums of $150K or more per year.
About the Author
Robert (Bob) Phelan is a 30-year veteran of the insurance industry who has led his firm, The Litchfield Insurance Group, to national prominence. He's the author of two books: “The Cost of Ignorance: What You Don't Know About Performance Based Insurance™ Can Save Your Company Millions,” and “Broke: The Broken Contractor's Insurance System and How to Fix It”. A thought leader in his industry, Bob was recognized as one of "The 25 Most Innovative Agents in America" by The National Alliance Research Academy, and as a "Power Broker" in Construction and Workers' Compensation by Risk & Insurance Magazine. He speaks across the U.S. and Canada and is an Editorial Advisory Board member for the largest trade journal in the insurance brokerage industry.