Employee Benefits Consulting
Public Employers of All Size:
- Schools, local, regional & county
- Municipalities
- Counties
- Sewerage Authorities
- Housing Authorities
- All other public entities
Private Industry of All Types & Sizes:
- Small Groups (2-50 employees) - These groups often fall
under Small Group Reform, which provides standardized benefit
options for the employer to chose from.
- Medium Groups (51-500 employees) - These groups have
more options available to them. The expertise of the broker is
critical in determining the correct coverage and carrier and
negotiating with the underwriter.
- Large Groups (over 500 employees) - These groups have
the most options available to them. Cash-flow vehicles, such as
self-funding, minimum premium and premium lags are popular in this
size segment. The broker plays a crucial role in making sure the
package is properly structured to meet the customers specific
needs.
Property & Casualty
Public Employers of All Size:
- Schools, local, regional & county
- Municipalities
- Counties
- Sewerage Authorities
- Housing Authorities
- All other public entities
Commercial Lines of All Size (for profit and not for
profit):
- Small businesses of all types. These customers typically
qualify for a simplified program referred to as a BOP (Business
Owners Policy). BOP products and other "slot-rated" programs
require little lead time and can be processed quickly. Typically
revenues for small businesses are less than $2,000,000. However,
businesses whose revenues exceed $2,000,000 can often qualify for
simplified programs (depending on the industry).
- Medium businesses of all types. These customers typically buy
insurance ala carte, whereby, the expertise of the insurance
agent/broker is crucial in recommending the appropriate insurance
coverage. Longer lead-time is needed due to more elaborate
underwriting of the risk including obtaining loss history.
Typically revenues for a medium sized business will fall between
$2,000,000 and $20,000,000
- Large business of all types. These customers typically employ
someone who is solely responsible for managing the insurance of
the firm. Extensive lead-time is often needed. Competing insurers
may require an inspection and loss control visit prior to issuing
a proposal to the prospect.
- Large business with significant international presence who
require multi-national brokers are not in our target market.
Personal Lines:
- High net worth individuals whose home replacement cost exceeds
$300,000 (market value approximately $400,000 or higher).
|
