Minimizing Risks. Maximizing Results.
Solving a manufacturer’s insurance challenges and enhancing employee benefits.
One of the nation’s leading manufacturers of fuel dispensing systems was struggling with two major insurance issues. One challenge involved product liability insurance for its fuel dispensing systems which had been involved in several catastrophic claims. The second challenge was caused by government 401K regulations that limited contributions for its top earning employees. J.W. Terrill created solutions for both issues that resulted in:
> A stable, cost-effective liability insurance policy with a strong insurer that balanced risk retention and insurance premiums;
> A safe harbor investment plan that broadened retirement plan options for all employees, causing a substantial increase in employee participation and improved opportunity for top earners;
> A series of financial planning sessions to educate employees on strategies to secure the best opportunities for return on their investments.
It all adds up to a complete range of risk management and benefits services, all from one dedicated source.