I wonder how much this program saved/cost the school districts compared to what they would have paid for traditional guaranteed cost insurance with no sharing or joint liability mechanism. I wonder if these schools would have made the same decision if they could roll back the clock and buy insurance for this period again.
Sometimes these great programs have these little catches that everyone glosses over, until it is time to collect.
large risks,retros,group programs is really just financing your losses. I always ask the question on large accounts “how do you want to pay for your claims” upfront,as paid, ????
I wonder how much this program saved/cost the school districts compared to what they would have paid for traditional guaranteed cost insurance with no sharing or joint liability mechanism. I wonder if these schools would have made the same decision if they could roll back the clock and buy insurance for this period again.
Sometimes these great programs have these little catches that everyone glosses over, until it is time to collect.
large risks,retros,group programs is really just financing your losses. I always ask the question on large accounts “how do you want to pay for your claims” upfront,as paid, ????