The Cost of Ignorance: What You Don't Know About Performance-Based Insurance Can Save Your Company Millions

By Robert Phelan

Book Overview

THE COST OF IGNORANCE is a riveting novella by business insurance veteran Robert Phelan.The story punctures confusing insurance jargon and introduces a powerful new concept for middle-market companies: a little-known form of insurance known as Performance-Based Insurance(TM) (PBI) costs less and can save a company millions of dollars over time. The tale is told through the misadventures of Timothy Franculli, owner of a wholesale manufacturing company that is about to go broke because of escalating liability and health insurance costs. Timothy attends a conference in San Francisco where he runs into an old friend and learns about PBI, a type of insurance that could save his struggling company hundreds of thousands of dollars per year. But there is a catch. Typically, in order to qualify for PBI, a company must have a strong safety culture where worker injuries and accidents are controlled and reasonably predictable. Franculli has a lot of catching up to do after a series of employee injuries the year before caused his worker's compensation premiums to skyrocket 40 percent.

• Format: Hardcover
• Language: English
• ISBN: 0988620308
• ISBN13: 9780988620308
• Release Date: January 2013
• Publisher: Voxie Media
• Length: 100 Pages
• Weight: 0.65 lbs.
• Dimensions: 0.4" x 5.5" x 8.5"