Risk Management Strategic Partnership Success: Enhancing Coverage, Reducing Costs, and Fostering Growth

In an opportunity recently presented to Ben Scherf from bank partner Ron Welker, we highlight the impactful collaboration with an excavation and grading contractor.

This contractor primarily serves private clients, with an average project cost of $50,000 for installing ponds less than an acre in size. Recognizing the need for a trusted advisor who understands their executive team and operations, they turned to Ben and the team at FCIA for assistance.

Through close collaboration, we enhanced their insurance resume, ensured ownership alignment, and connected with an underwriter through one of our industry contacts. The result was a significant annual savings of $30,000 and the establishment of a proactive cost-containment strategy for the long term.

Beyond financial benefits, this collaboration has opened the door to discussions about implementing a group health insurance plan with our Benefits team. This forward-thinking approach aims to save costs while enhancing employee benefits, contributing to talent retention and attraction.

At FCIA, we pride ourselves on delivering strategic insights and tailored solutions that positively impact our clients' bottom line. This success story is a testament to the collaborative efforts that drive meaningful results.