Tag

alternative funding

Sep 29

How Mid-Sized Employers Can Lower Renewal Costs Without Cutting Benefits

By Employee Benefits
Renewal notices have been tough this year. Many mid-sized employers opened theirs to find increases that were hard to justify and even harder to budget. If that sounds familiar, you are not alone. Fortunately, there are proven ways to lower renewal costs without taking benefits away from your people. Rising costs are not going away. Mercer projects that employer health benefit costs will climb 8.2% in 2027. Even so, employers have more control than they might think. Over the past several renewal cycles, our team has seen what works for groups with 50 to 200 employees. Here are the strategies…
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Sep 11

Alternative Funding Gives Contractors More Control Over Insurance Costs

By Business Insurance
Every construction executive knows the frustration of a guaranteed-cost insurance program. You pay a fixed premium every year. Your safety record improves and your claims stay low, yet your rate barely moves. Alternative funding changes that equation. Instead of handing premium dollars to a carrier and hoping for the best, alternative funding rewards performance directly. The firm itself gets real input into how claims and reserves are managed. For many contractors, the most practical entry point into alternative funding is a group captive program. A group captive pools a select group of well-run, safety-focused construction companies to share risk and…
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Oct 14

Alternative Funding for Transportation: Cut Costs, Control Risk

By Business Insurance
Transportation companies face unique risks. Alternate funding for transportation insurance offers cost-effective, tailored solutions to improve coverage and financial stability. For carriers and operators across all modes, customized insurance that addresses operational hazards is essential to staying competitive. How Alternate Funding Benefits Transportation Companies Cost Efficiency Save Big: Alternate funding slashes insurance premiums, freeing up funds for operations, safety, and growth. Pay for What You Need: By analyzing past incidents and risk profiles, businesses secure competitive rates that reflect their actual risks. Enhanced Control and Flexibility Get Tailored Coverage: Customize insurance to cover cargo damage, hazardous materials, driver safety, and route exposure. This…
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Oct 21

Alternative Funding Options for Fuel Haulers

By Business Insurance
Fuel haulers face unique challenges and risks in their operations. From transporting hazardous materials to navigating strict regulations, the need for effective insurance solutions is critical. Exploring alternate funding for fuel haulers provides an innovative way to enhance insurance strategies while reducing costs. Tailored insurance that addresses operational hazards is essential to ensure both financial stability and operational efficiency in this high-risk industry.
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Jul 25

Exploring Alternative Funding Options for Benefits in the Cannabis Industry

By Employee Benefits, From the Experts
The cannabis industry faces unique challenges when it comes to offering competitive employee benefits. Traditional insurance models often fall short, either in terms of cost-efficiency or adequacy of coverage. This is where alternative funding for cannabis benefits, such as captives and level funding, comes into play. By leveraging these strategies, cannabis businesses can design a benefits program that not only meets the needs of their workforce but also aligns with their financial constraints.
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