Large, public higher education institution
Case Study: Third Party Representation
Due to high utilization by employees, client’s renewals from the ancillary insurance carrier was 45.19% for short-term disability, 65.89% for long-term disability, and 17.82% on life and accidental death and dismemberment (AD&D).
How We Helped
Though the client maintained their broker, due to Shepherd team’s expertise in education industry, we secured
short-term and long-term disability coverages with an alternate carrier resulting in 0% rate change for short-term
disability and 12.48% for long-term disability, both with 2-year rate guarantees.
The team negotiated with the incumbent life and AD&D carrier a revised renewal of 8.91% with a 2-year rate
Additionally, the team increased coverage to include and address:
- 9 & 10 month employees,
- employees on sabbatical, and
- employees working out of the country.