Business Insurance that puts a
Premium on Performance
Mid sized companies can now consistently save on insurance premiums with Performance Based Insurance™ . The proven way to earn dividends for superior safety and low claim levels.
About TriPoint
TriPoint’s solutions target middle market companies between 50 and 5000 employees. Typically, these companies are in more hazardous industries that have a significant workers comp spend. Our talent is reducing this spend through custom-designed Performance Based Insurance programs. To simplify, performance based means exactly that – you perform better than average and you get a dividend back. These dividends average 20% but can be as high as 50%. If your workers comp is $500,000 per year, that’s significant. But on a relative scale, it’s significant for any company.
Although workers comp is at the core of what we do, we provide a total insurance solution protecting everything in our client’s operations.
What is a SafeCo
Companies with a sustained 10-year track record of low claims are what we call SafeCos, and operate in a manner that lowers risk, therefore lowering losses. When you have that kind of experience and buy traditional insurance, you’re paying way too much because 40-50% of your premium is used to subsidize the losses of careless companies. PBI rewards SafeCos by paying them back 40-50% of their premiums.
Performance Based Insurance
The proven way to eliminate unpredictable premium swings and earn performance based dividends. In addition, PBI can increase morale, productivity and profits.
Business Insurance
TriPoint analyzes the overall cost of risk for companies and develops loss control strategies to prevent claims. Customized business insurance policies that protects your assets, employees, and profits with a simple consultative approach:
What Our Clients Say
Bob Phelan is an industry leader. If you're facing difficult business insurance or risk management challenge, Bob is someone you want on your side.
Our current workers comp mod stands at .79, very close to the lowest ours can go. We are now in a position to receive six figure returns on premiums going forward.
We are very pleased with their understanding of global risk management and insurance, as we have subsidiaries all over the world.
Their systems and processes are absolutely essential to the sustainability and growth of construction companies in an increasingly complex, litigious, and competitive world.
Our professional exposures are complicated and they do an outstanding job with their ongoing expert analysis and practical recommendations.
Our net workers comp rates have shrunk by 61% in 10 years. TriPoints’s Five Year Plans and regular Stewardship Meetings keep [us] tuned into our goals.
Being rewarded for keeping our employees safe is a concept we fully embrace!
I have known for many years that Bob Phelan and his team at TriPoint are the best risk advisors in the construction business….. now I know why.
For the first time since I’ve been in business I feel like my broker is working for me instead of for commissions.
Awards & Recognition
TriPoint and its employees have received recognition and awards for industry thought leadership, expertise, innovation and client satisfaction.
Featured Resources
Thought leadership is essential in keeping abreast of new exposures and solutions in a changing risk environment. TriPoint stands at the forefront.
The Cost of Ignorance
A riveting novella by business insurance veteran Robert Phelan. It punctures confusing insurance jargon and introduces a powerful new concept for middle market companies: a little-known form of insurance known as Performance-Based Insurance™ (PBI) costs less and can save a company millions of dollars over time.
