It’s easy to feel alone and confused when you’re told your insurance premiums are rising. Unhappy and discouraged, you’re then informed about even more bad news. You’re not alone.
This can be the reality of traditional insurance, but it doesn’t have to be this way.
Pioneered and provided through JLT Risk Solutions, you can experience the power of group purchasing by either pooling together risk with others or forming your own facility. Discover benefits far beyond traditional insurance as the JLT Risk Solutions team help you define a new path for protecting your organisation or community.
Take control over your own insurance. The self-insurance framework for insured members shifts the liability of working losses to an independently administered, ASIC licensed Trust arrangement.
As a member of a Trust, you can enjoy potential premium savings, consistent pricing, the widest possible protection and the return of surplus funds at the end of a good claims year.
Since 1986, JLT Risk Solutions has managed over 80 arrangements for organisations across 12 different insurance lines. Currently over 800,000 members within 55 Trusts are relying on this growing, trusted model.
"There are significant benefits to be derived from participating in a Mutual Discretionary Fund, as opposed to dealing with a traditional market place insurer: the personal one stop shop approach, so you know who you are dealing with each and every claim, and the built in flexibility where the Trustee is able to realistically apply a level of actual discretion. In recognising that there may be circumstances where the Policy, in reality, does not cover the entire loss, it is possible that if it is in the best interests of the scheme and its members that cover may be extended to provide the best outcome in a particular situation."