Professional Services Firm
$400,000+ Savings Through Fee Transparency
$800M Employee-Owned | 6 Months
The Challenge
A leading professional services company had not issued a broker request for proposal in more than 20 years. Although there were no complaints, leadership wanted to confirm that their program aligned with market standards and that broker fees were fair. Without internal risk expertise, they lacked a benchmark for value.
Our Approach
We ran a thorough broker RFP process that evaluated multiple options, including service models, market access, and compensation structures. We aimed to optimize without disruption for its own sake.
The Results
At the end of six months, we identified opportunities to improve premiums, refine policy language, and adjust program structure. We transitioned broker compensation from a commission model to a transparent fee-for-service arrangement, saving over $400,000 during the new contract terms with the existing broker. Throughout the process we preserved the valued broker relationship while giving leaders confidence that their program was operating at peak efficiency.
“We could not have done this without you. Now we understand our options, how broker compensation really works, and we have much greater transparency.”
Ready to See How We Can Help You Become A Success Story?
Schedule a complimentary 30-minute Discovery Session to discuss how we can deliver measurable results for your organization.