Alternative Risk Solutions

Every company is different and may want to consider a substitute to “traditional” insurance programs. In particular, larger companies who manage their risk at a high level may opt for alternative risk solutions that not only provide more control, but also afford greater potential for significant cost savings. 

This may include the use of captives, high deductible plans and retro insurance plans. All of these alternative risk solutions transfer greater risk to the client, each in different ways, in exchange for greater long term financial reward. Some options spread collective risk to a group of similar organizations, while others require the client to take on more internal risk.

Companies with strong safety programs and a good loss history can find tremendous monetary reward with the alternative risk solutions offered by HMP and we are always happy to review options and discuss the pros and cons of each.