Safety Marketing Group (SMG) knows that obtaining and providing affordable insurance coverage is one of the biggest obstacles that businesses face today. That’s why we have decided to team up with Iscential Insurance. By creating an avenue for distributors to purchase insurance options as a group along with other SMG distributors, we can now leverage our membership numbers to achieve better coverage at significantly lower rates. Insurance giants Chubb and Nationwide are already chomping at the bit to get a chance to bid for our policy.
Saving money on insurance costs is only the beginning of the plans that SMG has for its members. With the consulting advice of Iscential Insurance, SMG plans to move to a captive insurance entity in which SMG will provide the group insurance, taking advantage of the aggregated risk across the group. When a company or group is able to operate a captive insurance plan, they are able to dramatically reduce their cost, insure difficult risks, increase cash flow, and take better care of their people without the increased cost that is incurred through traditional insurance methods.