In today’s complex insurance landscape, businesses face rising costs, shifting regulations, and an overwhelming array of choices—especially for companies without dedicated risk management staff. For CEOs and owners of closely held Indiana businesses with 50–500 employees, these challenges can drain time and resources better directed toward growth and operations. That’s why more businesses are turning to the addition of a fractional fiduciary partner—someone who provides the clarity, objectivity, and ongoing oversight that traditional approaches often lack. At KBIC Consulting, we believe this expertise is critical to simplifying your insurance process and maximizing value. Here’s why it matters.
The Burden of Insurance Management
If you’re in manufacturing, construction, real estate, or distribution, you’ve likely felt the weight of insurance decisions. Take stop-loss coverage, for example—recent market trends show costs climbing as insurers report record losses, leaving self-funded plans vulnerable. Without a dedicated insurance manager, navigating these shifts often falls to your executive team, pulling focus from core business priorities. A traditional broker can secure coverage, but their role often ends with placement—shifting attention to their next client. This leaves gaps—vague outcomes, unchecked costs, and a process that feels more burdensome than beneficial.
What Fiduciary Expertise Brings
Fiduciary expertise changes this narrative. Unlike brokers who earn commissions placing policies, a fiduciary partner like KBIC operates on a fee-only basis, legally bound to act solely in your interest. We don’t sell insurance; we work alongside your broker—managing the relationship to fully leverage their market knowledge while ensuring alignment with your business goals. Think of us as your fractional Vice President of Insurance—bringing high-level insight at a sustainable price. Our team dives into the details—identifying waste, streamlining compliance, and ensuring your coverage stays aligned with your financial objectives. For instance, we might analyze a stop-loss policy your broker secured and uncover savings or coverage gaps they may not prioritize during placement or renewal.
Real-World Impact
Consider a mid-sized Indiana manufacturer facing steadily rising stop-loss premiums. While their broker had secured coverage, costs kept climbing year after year, and the CFO found themselves bogged down—sifting through renewal documents, sitting in lengthy meetings with their broker, and still struggling to interpret shifting terms. That’s when they turned to KBIC. We stepped in to conduct a thorough review, collaborated with their broker to refine the plan, and identified overlooked opportunities—ultimately reducing their stop-loss premium by 15%. More importantly, the CFO reclaimed valuable time to focus on strategic initiatives.
This isn’t about replacing your broker—it’s about amplifying their work with objective, ongoing oversight. Brokers excel at market access; fiduciaries excel at long-term optimization.
Why It Matters Now
With insurance complexity at an all-time high, businesses need more than just coverage—they need confidence that their program is aligned and performing as intended. At KBIC, we don’t just bridge the gap between placement and management—we enhance both. We collaborate with your broker during placement to ensure coverage reflects your strategic goals, then stay engaged to oversee ongoing plan performance, eliminate waste, and uncover ongoing opportunities for improvement. It’s a model that works: since 2010, we’ve supported over 60 organizations by bringing clarity, accountability, and measurable savings to their insurance strategy.
Ready to see how this partnership could work for you? Start with our no-pressure TED assessment and discover what’s possible.