Mike Peturccelli asks what is understanding risk financing options?
Monday, August 31st, 2009Mike says in anticipation of an eventual hardening of insurance markets, many contractors are looking beyond the comfort of guaranteed cost insurance programs and reevaluating alternative risk financing options that involve varying degrees of risk retention. This session will review the carious risk financing alternatives available to contractors, including incurred loss and paid loss retros, investment credit retros, deferred premium retros, large/matching deductible plans, self-insurance, and group and single-parent captives. Pros and cons of each method will also be addressed.