Public-sector organisations are under increasing pressure to demonstrate value for money in their budgets. One area with the potential for cost savings is self-insurance – that is, retaining more of your risk and taking larger deductibles on your insurance policies. Doing so means the insurance you purchase protects against the less frequent, higher-value losses, which are more likely to cause significant harm to your organisation.
Marsh has significant experience of helping public entities better understand the funding requirements emanating from self-insurance. We help you budget prudently to ensure you have adequate funding to meet the cost of self-insured claims. Our work may also discover that you are over-reserving, providing an opportunity to release some funds to support front-line service delivery.
Please note that Marsh PB Co., Ltd and Marsh McLennan are not engaged by nor involved in any manner with Bonus Ranch and its promotion, and has not placed any insurance for nor insured any of its businesses or operations. Marsh as a licensed insurance broker will not request customers to make payment via non-standard methods, such as the transfer of money to any individual’s bank account.