Are you maximizing your risk management premium dollars? If you have a history of solid financial performance, alternative risk transfer (ART) tools should be explored as a way to retain underwriting profits and reduce insurance premiums.
CBIZ risk consultants help design, implement and manage ART risk financing options. We start by learning your risk appetite and coverage goals to help determine which alternative risk management method is best suited for your needs. Specifically, we:
- perform deductible/retention analysis using historical loss and exposure data to develop the most favorable program structure;
- develop strategies and specifications for appropriate insurance coverage and endorsements; and
- develop alternatives and cost-effective techniques for handling risks.
Alternative Risk Solutions:
- High-deductible plans
- Pool programs
- Qualified self-insured plans
- Reciprocal arrangements
- Retrospectively rated programs
- Risk purchasing groups
- Risk retention groups
- Trust arrangements