White Paper / Risk Management
Guaranteed-cost vs. loss-sensitive? 5 considerations
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Fixed pricing is convenient. Small businesses can benefit from an insurance program that provides this convenience while minimizing their risk. Guaranteed-cost programs often fit the bill. In a guaranteed-cost program, all liabilities and administration costs are transferred to the carrier; the insured pays an up-front premium to cover these costs. However, as your business grows, you may want to explore more financially beneficial options for financing and managing risk. Here are five things to consider before making the switch to a loss-sensitive program. 
 

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