Currently, agents get paid between 5 and 25% of your premium. Self Insurance allows you to re-allocate that money to risk management, reducing claims, and uncovered losses.
Traditional insurance automatically allocates 10% of your premium toward fraud. Self insurance funds have a 95% renewal rate, build friendships, and stay together for decades.
Most business pay a premium that is priced based on an average of high and low risk companies. If you're a high performer, you want self insure with other high performers.
We've made it simple and easy to pick and choose who you partner with. Caploo's insurance system can match you with partners, recommend trusted groups, or you can invite your own. Inside of the lobby can see your partners' sign up progress, application status, and launch status.
All of your relevant financial information including claims $$, incident rates, and projected premium are displayed in the financial dashboard. The dashboard is a transparent scorecard to see how you're fairing and where you can improve.
We've simplified the application process by 80 percent. The complicated paperwork with traditional insurance is now a simple 5 minute survey.
When the money is in your control, there's an even greater incentive to stay safe. Built into our sister ZERO system is a communcation tool that helps your employees identify issues and resolve them before they become claims.
Self insurance communities are completely transparent so that you know exactly where your money is going. With the current insurance model the expenses are mostly broken down into commissions, losses, and overhead. In the third year of a self insurance program most communities pay a smaller premium, invest 11% more $ in loss control, and still have a surplus.
Take back control of your claims, partner with leaders you respect, and be apart of the growing trend to disrupt the insurance industry.