Insurance Cost Reduction & Audits
Insurance premium negotiation is an opportunity to immediately improve your bottom line without changing carriers. Our senior industry experts have previously worked for some of the largest insurers in North America. Combined with our intimate knowledge of benchmark pricing and negotiation margins, we are perfectly equipped to provide your business with the best opportunity to immediately lower insurance costs.
Our team hits the ground running by reviewing every line of each of your current insurance policies and bills.
Insurance Audits
- You provide us with access to last month’s bills.
- We review your bill for contract compliance, billing errors and to ensure you’re getting best in class premiums based on our knowledge of the insurance industry’s benchmark pricing.
- We present the savings opportunities for your approval.
- We work with your vendor to implement savings and to monitor ongoing savings.
SIB handles all research, analysis and carrier negotiation to eliminate unnecessary costs and to ensure you get the best rates. We serve as your single point of contact for the categories we review, saving you time on fixed cost expense management. We work on your behalf so you don’t have to invest a lot of time into reviewing old bills or haggling with your insurance carriers. There’s also no up-front fee for our services, giving you a risk-free solution for managing your fixed monthly costs when it comes to insurance.
Group Benefits / Health Insurance Cost Reduction
Maintaining health insurance and other group benefits for your employees can be costly. Let SIB eliminate extraneous charges and get you better rates on company health benefits.
Property and Casualty Insurance Expense Management
Our insurance audit professionals help save your company money on property and casualty insurance. We employ former industry professionals who know the margins and unpublished discount rates and who can use this knowledge to get you better premiums.
Commercial Liability Insurance
Commercial liability insurance poses a costly financial burden. Our insurance cost reduction consultants are well versed in commercial liability insurance and use their knowledge as industry insiders to negotiate the best pricing on your monthly premiums.
Workers’ Compensation Reviews & Audits
SIB also offers workers compensation audits for companies looking to reduce this vast insurance cost.
Reduce Insurance Costs
If exorbitant insurance bills are affecting your bottom line, let our insurance audit team work to reduce your costs. You don’t pay anything unless we’re able to find and implement savings. In the rare instance that we’re unable to areas for cost reduction, you get the peace of mind knowing you’re getting accurate bills with the best rates.