Reducing Insurance Costs: Property and Casualty Insurance

Ideas & Perspectives
Ideas & Perspectives

Volume 34

No. 5//

March 25, 2009

In a previous I&P article, ISM detailed how to reduce the insurance costs of employee benefits. This article provides recommendations for cutting the costs of property and casualty insurance. One way of reducing property and casualty coverage expense is to look at possible areas of change that may apply consistently through all lines of coverage. These include actions such as increasing your deductible or retention (the amount of risk you retain). While there may be an opportunity to save money here (i.e., you take on more potential risk for the known reward of premium savings), do not increase the amount of risk you retain past what the school can realistically afford!

1. Already a member? Click here to login.

2. Not a member? Click here to become a member.

3. Not sure? We’ll help you figure it out.

All Webinars are free for Members

All members have complimentary access to all ISM webinars—a value of over $5,000 every school year!

See the full library of 115+ on-demand webinars on topics including strategic planning, continuous enrollment, business office management, and many more.

Go to On-demand Webinars
A customized approach to advancing your unique mission.

Work with a trusted partner to create a mission-appropriate plan to help your school achieve its goals. Whether your school aims to increase cash reserves, boost enrollment levels, attain long-term stability, rely on experts to bring these goals and many others to life. Together we'll create and implement personalized, onsite recommendations for any area of your school's administration. Call us at 302-656-4944 or email us at consulting@isminc.com.

Email us

ism
ism

Featured Publications

Take an in-depth look at a particular subject through ISM's publications. You'll find ISM research, theory, and practices carefully outlined to support you in implementing recommended strategies within your school. 

Hiring, Nurturing, and Evaluating the Private School Head: How to Solidify the Board-Head Partnership
publications

Hiring, Nurturing, and Evaluating the Private School Head: How to Solidify the Board-Head Partnership

Boards can—and should—have excellent relationships with their Heads, and this book can help you solidify those relationships.

$31.95
For Gold Members

$31.95 General Price

Buy on Amazon
Better Boards, Better Schools
publications

Better Boards, Better Schools

Serving as a Trustee is a privilege that carries a substantial responsibility. Learn how to lead your school with a mission-driven, student-centered approach based on 45 years of ISM research and experience working with private school Boards.  

Better Boards, Better Schools is your guide to ensuring your actions as a Trustee help fulfill your school’s mission. Empower the strategic functions of your Board so your school thrives today and in the years to come.

The ISM Guide for Private School Trusteeship and Strategic Governance

Download your first free chapter here:

AnnouncementA COVID-19 Update: ISM Books

Due to COVID-19 and circumstances beyond our control, book shipments will be delayed from our home office. We apologize for the inconvenience. Thank you for your patience during this time.

For more information, please visit our COVID-19 resources page.

$31.95
For Gold Members

$31.95 General Price

Buy On Amazon
See all products