What education clients need most are solutions, not products.

 

Each industry has its own unique challenges. The priorities of education are completely different from any other industry. At RCM&D, our education team is devoted 100% to solving problems and delivering innovative solutions to the risks intrinsic to education institutions. Insurance fundamentals are important, but there's no substitute for knowing an industry inside and out.

Today, education clients look to us as a consultative partner rather than a broker who merely places coverage. Why? Quite simply, clients “presume” program quality — insurance placement is not a differentiator — it’s expected. High-performing schools want to work with consultative partners —problem solvers — that are able to build relationships based on trust and expertise. And our consultative approach forms the basis of our value proposition.

RCM&D Education Group

Selecting an insurance broker is similar to prospective students comparing colleges and universities. Which is best? An Ivy League university, a small private college, state school? Students consider various aspects of a school including an evaluation of departments and professors. A student can get a quality education at most schools if the right resources are engaged. Essentially, it comes down to people.

We believe the only way we can create appropriate risk solutions is if we truly understand the nuances and unique exposures of our education clients. At RCM&D, our Education Group includes colleagues who only represents education clients and who possesses a strong knowledge of the education industry. Again, it comes down to people.

Why our Education Group is different?

• We understand your unique operations
• We create risk control solutions for education clients
• We provide innovative program solutions for education clients
• We assess risks of schools in ways never considered
• We provide a dedicated industry group with education experience
  

Innovative Program Design

The power of RCM&D’s Education Group is the collaborative environment created among member institutions and the insurance market leverage achieved for the development and practical implementation of cost saving risk strategies.

Our education clients require foresight rather than hindsight; innovation, not process; advice, not program placement; value, not products. What we must continually do is deliver solutions based on the needs of our clients, motivated by the vision of what we can achieve. One such example of our innovative approach to education is the group purchase program we designed for colleges and universities.

Education Group Purchase Program

In reviewing numerous education insurance programs, we've found a majority of colleges and universities pay much more in premiums than the insurance companies paid out in losses. To help our clients reduce gap (losses to premiums), RCM&D developed a group purchasing program for property and casualty insurance. This program allows schools to have individual policies, while still benefiting from the purchasing power of many schools working together.

• RCM&D uses the premiums of all it’s the schools to negotiate with the insurance companies — this is leverage.
• Purchasing power without losing individuality. Each school is issued their own insurance policies and limits of liability.
• Flexible program structure / deductibles levels.
• Comprehensive coverages.
• Creates a collaborative environment in developing risk control processes and best practices.