The Cost of Ignorance: What You Don't Know About Performance-Based Insurance™ Can Save Your Company Millions
THE COST OF IGNORANCE, published by Voxie Media, is a riveting business novella by insurance veteran Bob Phelan. Told in the form of a story, it punctures confusing insurance jargon and introduces a powerful new concept for middle market companies: a little-known form of insurance known as Performance-Based Insurance™ (PBI) costs less and can save a company millions of dollars over time.
The tale unfolds through the misadventures of Timothy Franculli, owner of a wholesale manufacturing company that is about to go broke because of escalating liability and health insurance costs. Timothy attends a conference in San Francisco where he runs into an old friend and learns about PBI, a type of insurance that could save his struggling company hundreds of thousands of dollars per year.
But there is a catch. Typically, in order to qualify for PBI, a company must have a strong safety culture where worker injuries and accidents are controlled and reasonably predictable. Franculli has a lot of catching up to do after a series of employee injuries the year before caused his worker’s compensation premiums to skyrocket 40 percent. Buy the book to find out what happens next…
Check out the Q & A with Bob – and more – on the book website.
Publisher: Voxie Media Books
Book designer: Alex Miles Younger