Bottom Line: The traditional insurance market has been designed to increase your dependency as a business owner.
Here are the key issues:
- You aren’t rewarded when you perform well.
When you have a bad year, everyone can explain why your rates are going to go up. However, on a good year, are you receiving a share in the profits?
- You’re paying more to play it safe.
The traditional insurance market often paints a picture that choosing any option other than being fully insured is irresponsibly risky. You could, of course, have a bad year. But the reality is that even without a deductible you’re still paying for your performance through annual rate increases.
- Your insurance broker just wants to renew.
Most insurance brokers focus on renewing your insurance – because that’s what gets them paid. But this 12-month mindset doesn’t do anything to drive down your Cost of Risk and give you more control in the long-run.
- – Retrospective Rating Programs
- – Large Deductible
- – Cash Flow Program
- – Risk Retention Groups
Improve Your Operating & Financial Performance
Risk management, simply defined, is preventing most claims before they occur and for those that do, managing their ultimate payout. The wisest companies are learning that this is the secret to lowering their insurance costs over time. With in-house risk management professionals, claims managers, and safety professionals, we often achieve better results than our competitors.
Know What Your Employees Need And Demonstrate That You Care.
As a leading plan broker and trusted agent, we are able to use our knowledge and relationships to aggressively market your benefits programs to secure the most complete coverage and the best overall value. We understand that Employee Benefits are essential for recruiting and retaining talent, but like everything else, this is subject to economic pressures. M.E. Wilson has decades of experience helping astute businesses balance the needs and wants of their employees with fiscal reality.
Protect Your Family And Assets.
Protect what you do, as well as what you own. Safeguard your assets with broad worldwide protection and up to $100 million in liability coverage.
What is a Captive?
Captives are independently owned and operated insurance companies that provide insurance to, and are controlled by their owners. What are the advantages of captive insurance versus the traditional market?
-Coverage tailored to meet your needs
-Reduced Operating Costs
-Improved and more predictable cash flow
-Increased coverage and capacity
-Greater Control over the claims process