Who We Serve


Education Case Study

This institution is a college and graduate school with 2,600 students and over $175M in campus values. We began working with the school in summer of 2012.  Our new program was implemented in 2013.

The college was in a 20+ year relationship with a national broker’s group purchasing program. Key objectives included evaluating current premium levels relative to market and assessing if the overall coverage was appropriate for this particular school.  The college also had some unique study options with higher than usual risk potential that presented challenges from a Workers Compensation & Liability exposure basis.  The first two phases in our process, the Coverage & Needs Analysis phase and Benchmarking phase indicated there were significant opportunities for improvement.


Total Rate Reduction


Lower Employment Practices Retention


Increase in Board Protection

Problems Identified
  • Sexual Abuse Retention: due to the poor claims experience of the group buying pool there was an unjustifiable retention utilized for abuse claims
  • Board Protection: benchmarking analysis yielded low levels of protection versus other institutions of similar size
  • Employment Practices Retention: retention at  $50,000 which essentially nullified most common claims
  • Excess Liability Limit: college was forced to purchase $50M of Excess limit despite being significantly higher than benchmarked standards due to group buying pool
  • Cyber Liability: program included some coverage but included very low limits for Crisis Management + Notification
Solutions Provided
  • Lowered Overall Retentions: removed  retention for Sexual Abuse & Molestation and  lowered EPL retention to $10,000
  • Board Protection: provided $51M of protection  for board members & administrators
  • Excess Liability: provided quote options with limits of $15M, $25M, $35M, + $50M
  • Workers Compensation: secured coverage with the maximum credit available in state
  • Cyber Liability: fixed coverage issues found in old program by increasing limits
  • Cost Savings: 25% total rate reduction