NHERMC

Carrier loss control is sometimes general and not as focused on higher education specific exposures as compared to what can be developed in your own program... In a standard program, you are subject to the coverage afforded by the carrier; whereas, in an alternative program you can tailor make your own coverage document... When you have a good loss year, carriers do not typically provide dividends; whereas, in your own available program funds (incl. investment income) are yours to use as directed by the membership. In a standard program, you give up control of how claims are managed whereas in an alternative program a TPA would work on your behalf. Its your money!

Also known as: Nazarene Higher Education Risk Management Consortium

Primary location: Schaumburg United States