Captive Resources Insights – January 2024
Welcome to the latest edition of Captive Resources Insights — a collection of recent articles about the benefits of group captive insurance. In this edition, you’ll get access to a success story revealing how a heavy civil contractor joined a group captive and was rewarded for its solid safety record with lower insurance rates. Also, you’ll learn about strategies for controlling specialty drug costs and overcoming safety complacency.
Success Story: Contractor Receives Lower Rates Reflecting Its Strong Loss History
The group captive insurance model rewards member-companies for controlling losses by maintaining best-in-class safety programs. In our latest Group Captive Success Story, Contractor Receives Lower Rates Reflecting Its Strong Loss History, we reveal how a heavy civil contracting company leveraged its exceptional loss history to lower its insurance rates and take control of its insurance programs through group captive membership.
Webinar Recap: How Employers Can Curb the Cost of Specialty Drugs
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As new specialty drugs continue to enter the marketplace, drug expenses are becoming a real threat to mid-market companies, especially those that self-fund their health insurance. With this in mind, we invited Robert Shelley of Leaf Health to join our Health Risk Webinar Series to discuss how employers can implement strategies to curb the cost of specialty drugs, specifically related to cell and gene therapy treatments.
5 Strategies to Overcome Workplace Safety Complacency
Despite the time and money a typical company invests in workplace safety and risk control, complacency constantly sneaks around as a “silent killer” that can undermine these programs. In a recent Captive Resources Risk Control Webinar, Rick Grobart — a risk control consultant representing Gallagher Bassett — covered five practical strategies to help employers mitigate complacency.