IRMI Releases Cost Control Manual

September 3, 2002

International Risk Management Institute Inc. (IRMI) has recently published the Third Edition of 101 Ways To Cut Business Insurance Costs without Sacrificing Protection, a virtual “how to” guide of cost-cutting strategies for every major line of coverage. The book is designed to help insurance buyers and their agents/brokers do a better and quicker job of auditing their insurance program to control insurance costs without giving up necessary protection.

“Insurance buying became so easy during the soft insurance market of the 1990s that many insurance buyers—as well as many of the insurance agents/brokers who represent them—forgot the fundamental steps that can be taken to keep premiums from getting out of hand,” explained IRMI president and book coauthor Jack Gibson. “The substantial premium hikes everyone is now seeing on their renewals has revived the need for active management of insurance costs, and this book gives insurance buyers the practical advice and information they need to once again take charge of their insurance destiny.”

The guide explains experience rating, how it works, and offers five ways to lower your modifier; gives five ways to cut workers compensation costs with deductibles and loss-sensitive plans; provides 11 techniques for eliminating workers’ compensation losses and their attendant costs; explains the right way to pick a professional agent or broker, and provides five suggestions on how to cut premiums with competitive insurance proposals; describes the claims adjusting process, presenting seven tips for obtaining larger settlements and getting claims paid; tells how to take control of the premium audit process to make sure your company (or your client) isn’t overcharged; equips you with 68 more specific strategies you can use to take control of property and liability insurance expenses.

To order the 101 Ways To Cut Business Insurance Costs without Sacrificing Protection, call 800-827-4242, or order online at www.IRMI.com.

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