Risk retention groups One option for teachers insurance
Risk retention groups are a fast growing alternative to traditional suppliers liability insurance, including numerous awards and increase the fall of businesses in construction and procurement sectors at an alarming rate. The Home Builders Association of Metropolitan Portland is the study of such an alternative to the recommendation of its members.
“I can not wait until it is an alternative to insurance,” said Jeff Fish, owner of Fish Fish Construction NW Inc. serves on a committee that preliminary discussions on the creation of a retention risk group.
Fish’s problems began in late 2002, as its insurer, Zurich American Insurance Co., increased its prices by $ 8800 per year is estimated at $ 60000, before dropping him, a total of three days before his policy was being replaced . Fish has spent seven weeks before taking a step assured, politics, it would cost $ 125000 per year.
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