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

Phelan, Robert

ISBN 10: 0988620308 / ISBN 13: 9780988620308

Published by Voxie Media (edition ), 2013

About this Item

With dust jacket. It's a well-cared-for item that has seen limited use. The item may show minor signs of wear. All the text is legible, with all pages included. It may have slight markings and/or highlighting.

Seller Inventory # 0988620308-11-1-29

Bibliographic Details

• Title: The Cost of Ignorance: What You Don't Know About Performance-Based Insurance Can Save Your Company Millions
• Publisher: Voxie Media (edition )
• Publication Date: 2013
• Language: English
• ISBN 10: 0988620308
• ISBN 13: 9780988620308
• Binding: Hardcover
• Condition: Very Good
• Dust Jacket Condition: Dust Jacket Included

About this title

Synopsis

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.