Financial Options

Financial options can range from Guaranteed Cost programs all the way to Self-Insurance and everywhere in between. At HF&C, our job is to help you analyze all the options and help you select the one that's best for your company. There are many factors to consider when selecting the financial option that meets your company's needs:

•             Corporate philosophy concerning Loss Prevention & Claims Management
•             Loss range projections
•             Premium size
•             Corporate financial condition
•             Corporate cash flow needs
•             Availability of security (Letter of Credit)
•             Employment dynamics
•             States of operation

When all the data is accumulated and analyzed, the various options will be compared using the following methodology:         

Selection of a reasonable "Loss Range" projection

Looking at the "top end" exposure versus the plan expenses

Comparing the various options based on a "discounted cost" analysis at the projected loss range

HF&C's goal is to design and negotiate a plan with the best cash flow, the lowest expenses at your projected loss range and that limits your company's top end exposure.

Guaranteed Cost

Retrospective Rating Plans

Paid Loss Retrospective Rating Plans

Large Deductible Programs

Captives

Self Insurance