SwampFox

New Solutions to Business Insurance Dilemmas

GREENVILLE, SC – September 19, 2007 – Unpredictable premiums, the inability to control spiraling Workers Compensation costs, the need to mitigate risk of catastrophic loss, and a desire to capture the underwriting profit of a successful program without taking on undue risk can be challenges for mid-sized and large businesses today.

Upstate-based Rosenfeld Einstein, a major regional insurance agent/broker, will host a seminar on October 11 in Greenville designed to educate South Carolina businesses on a strategic alternative to address just these challenges. “Gaining Control of Your Business Insurance Costs and Risk” will introduce larger organizations to Member Owned Group Captive Insurance -- an alternative to unstable and unpredictable Workers Compensation and business insurance costs.

The seminar, executed in partnership with noted national consultant Captive Resources LLC, will present businesses with information on how to control fluctuating property, casualty, general liability, auto and workers compensation costs, and how to get a return of 100% of the underwriting profit plus investment income,” notes Dan Einstein, principal at Rosenfeld Einstein.

“Despite recent advances made in South Carolina’s Worker’s Compensation statute by the Legislature, this seminar is presented in response to continuing and pronounced concern among South Carolina organizations that are struggling to deal with the unpredictability and volatility of costs of coverage. For many of these firms, the captive insurance program presents an intelligent opportunity to take control of their insurance program,” said Einstein. “Past participants in a similar discussion on Member Owned Group Captive Insurance have told us that the information was extremely valuable, thus we are presenting this free seminar with updated information to interested businesses across the state again.”

Topics covered will include:
• An update on the current state of the commercial insurance marketplace
• What is a member owned group captive insurance company and how does it work?
• How companies can retain 100% of the underwriting profit and investment income from their insurance premiums
• How Premiums are based upon claims history and not rates or market conditions
• Advantages of group buying power with the captive’s significant premium volume

Member Owned Group Captive insurance programs represent a well established and fast growing segment in the commercial insurance marketplace today. Many organizations find it an attractive solution because they gain an active role in the underwriting, claims management and financial decisions of the Captive -- increasing flexibility, financial stability, and the potential to recover 100% of the underwriting profit plus investment income from their insurance premiums.

“A real value of this one-of-a-kind initiative is in helping companies understand this program as a strategic option in the marketplace and how to maximize their insurance dollar,” noted Einstein. “The program is especially designed for organizations with more than 250 employees, although smaller and growing organizations are invited to inquire about eligibility in the program before registering for the seminar.”

“For South Carolina to continue to advance in the global economy, getting control of volatile insurance costs is essential for every forward-thinking organization, and we’re pleased to help them explore additional options in that regard,” Einstein added.

Organizations wishing to register for the free seminar on October 11 may do so online at www.RosenfeldEinstein.com. There is no cost, and lunch will be provided to attendees. Space is limited and on a first-come, first-served basis.

Organizations interested in learning more about the Captive insurance concept will find additional details on the Rosenfeld Einstein website under the Captive Seminar button. Those unable to attend the October 11 seminar can be placed on a waiting list to be notified about future seminars, Einstein added.

For additional information on Rosenfeld Einstein, contact Dan Einstein or Mary Barrette at (864) 271-6336 or via email at info@rosenfeldeinstein.com.

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Rosenfeld Einstein is a regional, full-service insurance agent/brokerage and consulting firm. Areas of specialty range from employee benefits to personal and commercial property and casualty, financial services, professional liability, risk management, claims management, workplace safety and wellness. Visit them on the web at www.RosenfeldEinstein.com.