For Indiana businesses with 50-500 employees, managing insurance is a complex responsibility that requires collaboration between you and your insurance broker. While your broker brings critical market expertise to secure coverage, you, as the employer, remain accountable for ensuring your insurance program aligns with your financial and operational goals. For leaders in industries like manufacturing, construction, real estate, and distribution, this oversight can be daunting—especially without the time, desire, or specialized knowledge to dive deep into the details. That’s where KBIC Consulting steps in as your fiduciary partner, working hand-in-hand with your broker to optimize every aspect of your insurance strategy.
Your Broker’s Essential Role
Your insurance broker is a licensed professional who excels at navigating the marketplace to find and place coverage tailored to your needs—whether it’s property and casualty (P&C) or employee benefits. They negotiate terms, leverage industry relationships, and deliver policies that protect your business, making them an indispensable part of the process. At KBIC, we recognize brokers as vital collaborators, bringing the expertise and access needed to establish a strong insurance foundation. Their role is ongoing, but their primary focus during placement is to ensure you’re covered effectively.
KBIC: Collaborative Placement and Ongoing Oversight
KBIC Consulting complements your broker’s efforts by serving as your fee-only, third-party fiduciary—an extension of your team with a singular focus on your interests. Since 2010, we’ve acted as a fractional Vice President of Insurance for over 60 organizations, delivering objective guidance that enhances both the placement and management of your coverage.
During the placement process, we assist your broker by providing strategic input, ensuring the policies they secure align with your long-term goals. After placement, our oversight continues, identifying cost-saving opportunities, streamlining internal processes, and keeping your insurance strategy sharp.
The Power of Partnership
Your broker and KBIC together form a comprehensive support system. While your broker lays the groundwork with expertly placed coverage, KBIC elevates it with proactive optimization and accountability. This partnership doesn’t replace your broker—it strengthens their contributions by adding a layer of expertise they’re not positioned to provide. KBIC also provides peace of mind and consistency if a change of brokers is warranted.
If you’re seeking to enhance your insurance portfolio, reduce costs, or gain clarity in a shifting landscape, KBIC’s fiduciary role is the perfect complement. Schedule a no-pressure assessment today to explore how we can bolster your strategy alongside your broker.