First few Article Sentences
Even though current financial markets are in a state of flux, and floods and hurricanes have recently wreaked havoc on Midwestern and Southern Communities, the insurance industry is still flush with capacity. Therefore, the soft insurance market continues, and rates are at some of the lowest seen in years.
This is to the advantage of many health care organizations who may want to consider alternative options in risk financing before the market hardens with premium increases and the loss of important terms and conditions. In the past year, you probably have had a broker contact you to discuss business opportunities. The basic service a broker offers is risk assessment and insurance placement, but many brokers also have expertise that will assist your staff in their day to day risk management activities. Brokers can also assist your organization with planning and preparing for the next insurance market turn. So how do you evaluate which broker is right for your organization?