Professional Services Industry
You need a partner that can help you mitigate the risks of the professional services industry and build your workforce with benefits that attract top talent.
Employee Benefits for Professional Services
Professional services firms succeed when they attract and retain top talent, deliver client value efficiently and protect their reputation. We help professional services firms stay competitive in the talent marketplace while safeguarding their financial and reputational stability. By aligning benefits, retirement planning and executive compensation with operational needs, and layering in robust risk management, NFP ensures your firm can focus on serving clients.
We parter with professional service firms to support them with:
Executive Benefits
Retaining high performers and firm leaders through supplemental retirement and incentive-based plans.
Rx and Transparency Solutions
Reduce healthcare and pharmacy costs while addressing fiduciary exposure under ERISA/CAA.
Wealth and Retirement
Financial planning solutions for attorneys, consultants and advisors with complex compensation packages.
Wellbeing and Engagement
Stress management, mental health support and burnout prevention programs tailored for knowledge workers.
Cyber and E&O Coverage
Aligning risk transfer with professional liability exposures and client data protection.
The Problem
A leading administrative services company who provides business solutions for health programs wanted to ensure they had competitive contracts and innovative healthcare strategies in place. Due to their ownership structure, the client felt like they were not being advocated for and by not evaluating the pharmacy and stop-loss contracts, they were likely overspending.
The NFP Solution
The NFP team reviewed the client's pharmacy contract and obtained an alternative "carved-out" PBM quote as a basis for negotiations. Through this process, we secured significantly stronger rebate guarantees and contract terms and ensured we were taking advantage of any programs that are available within the PBM to maximize savings.
Protect your professional services organization with tailored benefits and insurance.
Connect with an NFP specialist today.
Professional Services Insurance Coverage
Professional service firms, including consultants, accountants, architects and engineering companies, face operational risks, client liability exposures, cyber threats and reputational pressures.
NFP provides specialized property, casualty, cyber and professional liability solutions that allow firms to operate with confidence. From client claim defense to cyber protection, we help firms stay resilient and client-focused in an increasingly complex world.
We offer deep expertise in:
Professional Liability and D&O
Defense for your firm against claims of negligence, errors and omissions, and defense for firm leadership (directors and officers) against personal liability for mismanagement claims.
Cyber Liability
Protection against breaches involving client data, confidential records and billing systems.
Employment Practices Liability (EPLI)
Protection against workplace discrimination, harassment and wrongful termination claims.
Property and Business Interruption Coverage
Protection for offices, records and income disruptions.
“The talent landscape of the professional services industry is competitive, which means businesses need to make sure their benefits, retirement and employee compensation all work together to make them an attractive talent destination. Our goal is to partner with professional services firms to do just that.”
Maria Trapenasso
National Practice Leader, Talent Solutions
Our Expertise in Action
See how our experts are implementing solutions for today's risk, workforce, wealth management and retirement challenges.
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