Unlock Your Full Potential
Managing risk for your business may be complicated, but your relationship with your insurance broker doesn’t have to be.
NFP, an Aon company, is a team of insurance brokers, workforce advisors and wealth managers that can help clear those obstacles for you and your business.
How NFP Can Help
Risk Capital
NFP can help you navigate the right insurance coverage for your business, helping you turn your risks into leverage. We listen first, taking the time to understand your goals, pain points and unique risks before connecting you with solutions and expertise that are tailored to your specific needs.
We work with you every step of the way to:
- Bring clarity to challenges
- Collaborate with carriers
- Advocate for your interests
- Develop a plan to help safeguard your company
The Problem
An owner-controlled insurance program for a large golf course development project had been set up incorrectly, and several on-site contractors had been excluded. When the project doubled in scope, the project team was financially unprepared to meet both the significant additional premiums and increased construction costs.
The NFP Solution
NFP took over program administration, corrected the general contractor issue and removed other administrative issues through communications and an on-site visit. We negotiated with carriers to apply the premium already paid to the new program and found favorable terms for the cancellation and insurance rewrite. The team recouped money for the client on insurance credits, since there hadn’t been a system for general contractor bidding on the project, to reflect the insurance purchased by the owner.
Human Capital
A successful and effective corporate benefits program is one that supports and reflects your company vision without breaking the bank. Our team of human capital experts begin with effective and transparent data gathering and then provide you with a road map to success. This includes help for your HR team with tools and solutions for benefits administration and communications or potentially pairing you with a PEO that can do it all.
The Problem
A private equity-backed national paving company with 1,000 employees wanted to address cost and management problems with their incumbent broker. The paving company had acquired a company and identified a 401(k) plan affordability compliance issue, which, if audited, could result in $1M in fines.
The NFP Solution
The NFP team helped the company unbundle their current medical program. With support from our Rx Solutions program and stop-loss experts, the team provided more value to the group and offered a more proactive approach to managing the benefits plans. For the 401(k) plan, the NFP team negotiated a 45.8% fee reduction and implemented a collective investment trust to reduce fees and address the plan affordability issue.
Ready to unlock your full potential?
Reach out today to start a conversation about how we can work together to move you forward.