By: tripointins On: January 20, 2020 In: Performance Based Insurance

Insurance isn’t fun. It’s one of business’s necessary evils you hope you never need to use. That’s why most CEOs and CFOs tend to avoid thinking about it. After setting up a plan, they’re locked in and lull themselves into comfortable contentment. They tolerate an annual review, listen to...

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By: tripointins On: December 27, 2019 In: Performance Based Insurance

How does the Performance Based Insurance (PBI) model differ from the Subsidy Based Insurance (traditional insurance) model? The Performance Based Insurance model requires little or no subsidy to the insurance carrier – it works like this. All companies pay a fixed premium that’s used to run an insurance company....

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By: tripointins On: December 3, 2019 In: Performance Based Insurance
By: tripointins On: September 9, 2019 In: Property & Casual

On an average year, fires in nonresidential structures cost 90 civilian lives, caused 1,620 civilian injuries and led to $2.6 billion in direct damages. The following suggestions will help mitigate fire hazards for your business. Fires need tinder, or easily combustible materials, and oxygen to start. If a spark,...

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By: tripointins On: July 8, 2019 In: Uncategorized

It’s mid-July and another heat wave has stubbornly planted itself over Connecticut.  While some people will be complaining that the air conditioning at their office is too cold, others will be outside working.  To mitigate the chances of suffering a heat related illness while the temperatures creep up into...

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By: tripointins On: June 13, 2019 In: Injury Management

More than one-fifth (21 percent) of OSHA inspections stem from employee complaints, according to Safety/News Alert. The publication lists the top ten industries with workplace complaints to OSHA along with the number of complaints over a two year period: Roofing, Siding, & Sheet Metal Work, 904 United States Postal...

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By: tripointins On: January 10, 2019 In: Performance Based Insurance

Executives are often surprised when colleagues mention that they have moved to PBI based plans, and that they have dramatically lowered their premiums. PBI is one of the subjects which will be discussed extensively in this blog. Conventional insurance is called “Guaranteed Cost Insurance.” Companies pay a fixed premium...

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Let’s begin with some simple definitions. Subsidy-Based Insurance (SBI) is traditional insurance, insurance coverage where the carrier keeps about 35% of your premium and your business is thrown into a pool of other unknown business, often with a mixed if not problematic loss history. Your rate is determined by...

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When employers want to cut their workers’ compensation costs, they work on improving safety programs or training. But have you thought about improving your employee communications? Communications Before the Injury Communicating with employees before a claim occurs may cut workers’ compensation costs. Intracorp, a managed care company, conducted a...

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By: tripointins On: July 21, 2016 In: Performance Based Insurance