Performance Based Insurance is a risk management strategy that provides businesses with a significant opportunity to reduce their insurance costs.
Performance Based Insurance has been around for more than 50 years. Most Fortune 500 and Fortune 100 companies use Performance Based Insurance to manage their risks. Join them in buying your insurance in a much more efficient way than you do now! Some middle market companies save as much as 50%! That is not a typo! You could cut your premiums in HALF.
If this sounds too good to be true, consider the following:
- What if… you were insured by a company that only accepted the safest and most financially sound businesses?
- What if… all the underwriting income (the difference between your premium and your losses) was returned to YOU?
- What if… you received all the interest on your premiums on deposit?
Why Have I not heard about Performance Based Insurance Before?
Until now, Performance Based Insurance has only been available to a very select group of large businesses with significant premium and resources. Due to our turnkey approach, Performance Based Insurance can be suitable for companies with premiums as low as $150,000 or 35 fulltime employees. Performance Based Insurance is also about shifting control away from the insurance community and back to the employer where they can control their own destiny and reduce their costs over time. Most insurance brokers have not promoted Performance Based Insurance due to the reduced compensation and bonus potential that is generally paid by the insurance industry.
Goals and Objectives:
- Reduce your long-term cost of risk.
- Provide businesses with greater control over their risk management and insurance destiny, achieved through ownership.
Why should you consider Performance Based Insurance?
It’s simple. As a client, you will be less susceptible to the ever-changing cyclical nature of traditional insurance providers.
Other benefits enjoyed by members of Performance Based Insurance include
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The price of insurance coverage purchased in the conventional market can often times include mark-ups to pay for the insurer's acquisition costs, marketing expenses, high commissions, administration and overhead. Such pricing is specifically designed to deliver profit to the insurer's bottom line. In a Performance Based Insurance program, the goal is to minimize those costs and enhance your bottom line.
BETTER SERVICES AND MANAGEMENT
A Performance Based Insurance Program can purchase strategic insurance products that allow each Performance Based Insurance member to manage predictable loses while transferring potential catastrophic losses. This leads to improved loss control and greater awareness of the factors that commonly give rise to losses so that they may be reduced and often prevented in the future
ENHANCED PROFIT POTENTIAL
As a Performance Based Insurance participant, can purchase strategic insurance products that allow each member to manage predictable losses while transferring potential catastrophic losses. This leads to improved loss control and greater awareness of the factors that commonly give rise to losses so that they may be reduced or often prevented in the future .
LONG-TERM CONTROL OF YOUR INSURANCE DESTINY
As a Performance Based Insurance participant, your premiums are directly related to your ability to prevent or control your losses. With reduced losses and by aligning yourself with like minded companies you move away from subsidizing the general marketplace and toward lowering your costs and increasing your bottom line.
MORE TIME SPENT RUNNING YOUR BUSINESS
Turning to an independent Performance Based Insurance advisor such as The Presidio Group means you spend less time on insurance issues and more time running your business. We will design, implement, and measure an effective risk management plan that will adapt and grow as your business changes.
Who Should Consider Performance Based Insurance?
- A company culture of achievement and best in class status
- Management teams committed to wellness, with solid safety programs
- A loss history that is better than average in their respective industry
- Minimum casualty premiums of $150,000 or 35 full time employees
- Companies adversely affected by the Healthcare Reform