Traditional PICs

Who Should Consider A Traditional PIC?

  • Privately held family owned business
  • Publicly held business
  • Businesses which are consistently profitable
  • Businesses with revenues over $5 million per year
  • Businesses in an insurance inadequate field

Underwriting advantages

  • Reduced reliance on commercial insurance
  • Ability to customize insurance programs
  • Provide coverage for risks that are too costly or unavailable in the marketplace
  • Access to reinsurance markets
  • Formal allocation of deductibles for self-insurance retention

Enterprise risk management advantages

  • Increased control over claims handling
  • Stabilization of pricing
  • Reduced cost of risk
  • Improved cash flow benefits
  • Creation of a profit center
  • Ability to direct investment options