Industry Programs
Lower your insurance costs and improve your bottom line with superior risk protection designed for you.
The Leavitt Group offers insurance programs that are customized to meet the unique needs of specific industries. These programs and their accompanying services are designed to help you keep your insurance costs under control and make certain your unique risks are covered.
Leavitt Programs include the following:
Bar & Restaurant
The Leavitt Group of Boise is pleased to announce the Bar & Restaurant insurance program, including Liquor Liability, offered exclusively through The Leavitt Group. This program is available now, and with the recent successes in pricing and coverage for other owners in Boise, waiting until your renewal could cost you thousands of dollars.
The insurance program is designed specifically for the Bar and Restaurant industry, providing valuable coverage unique to your operations. Liquor Liability is very expensive. We understand this from our experience with the four or five insurance companies who have traditionally written this coverage in Boise. The insurance program we offer through our exclusive relationship with an insurance company will provide you with a very competitively priced program.
Builders Risk
The Leavitt Group of Boise has exclusively developed a Non-Reporting Builders Risk Program specifically for Idaho Home Builders. This program was developed with a top-rated insurance carrier to solve the issues you have with existing Builders Risk programs that are a direct result of always having to report every new home start you have. Our competitor Insurance Companies require every start to be reported and then penalize you for those that are reported late or not at all.
With our new program, you no longer need to report any starts. The Non-Reporting Builders Risk Program offered through The Leavitt Group of Boise is 100% Non-Reporting. Simply estimate your Total Construction Costs (Labor & Materials) for the next 12 months, regardless of the number of starts, and that's it. You eliminate the amount of paperwork you have with your current Builders Risk program.
Captive Insurance
An alternative to your traditional insurance program
In today's marketplace, businesses are turning away from traditional insurance programs and looking for alternatives with lower costs and more control. At the request of our own clients, we have spent years researching alternative programs structured properly for the needs of our clients
Our Clients Asked For:
- Control of insurance pricing
- Control of the services they receive
- Control of claims settlements
- Control of the underwriting profit and interest that otherwise would go to the insurance company
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Traditional Insurance Programs
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Well Structured Captive Programs
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Advantages:
- Guaranteed Cost
- All services are bundled
- Full Tax deductibility
- Poor loss experience may go "Unpunished" at renewal
Disadvantages:
- Insurance company expenses are passed along to you
(Including their profit)
- Good Loss experience may go “Unrewarded” or inadequately rewarded at renewal
- Inflexible pricing & coverage
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Advantages:
- Reduced Operating Costs
- Investment Income and Underwriting profit is retained by you, not the insurance company
- Improved Service by unbundled service packages
- Long Term Stability and pricing
- Good Loss Experience is rewarded specific to your account
- Control over sensitive loss settlements (Claims)
Disadvantages:
- Long term commitment to program
- Internal administrative costs
(You spend more time participating)
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"We moved into the Captive Resources program to gain long-term control of our costs of insurance, improve claims management, and have the opportunity to retain interest income and underwriting profit on our premiums.
The Leavitt Group of Boise and Captive Resources delivered a well structured captive program that provided this opportunity. Our decision to join a captive will provide the long-term stability in cost and control of the risk management program for Norco."
Kevin Chase
Chief Financial Officer
Norco, Inc.