Insurance Solutions

Insurance Solutions

The Workforce, Money & Credit, Physical Infrastructure, and Insurance are the pillars of an economy and society as a whole. Whereas the workforce provides the manpower, money & credit provide a means to growth and infrastructure provides a physical means to efficiently conduct business and lead our daily lives, insurance provides stability in the form of a safety net to protect against catastrophic loss. Insurance protects the assets that you work so hard to earn and provides a means to continue growing those assets despite a large loss such as a fire, flood, lawsuit, cyber attack, etc. Every other pillar spurs on growth while insurance is there to make sure that the progress made isn’t squandered by a single event or chain of events that leads to destruction. Insurance is so vital to the United States that the oldest, continuously active insurance company was founded by Benjamin Franklin in 1752…that’s pre-independence!

Envision it like an automobile:

  • Workforce = the driver and/or computer
  • Infrastructure = the chassis, wheels and engine
  • Money & Credit = the fuel
  • Insurance = the brakes, airbags, seatbelts, crumple zones, turn signals, blind spot indicator, back up camera, etc.

In the case of operating an automobile, a failure or accident can cause damage to the car itself, injury to the driver, damage to property and other vehicles around it, injury to other drivers and pedestrians, traffic, etc. Insurance is the thing that keeps accidents and failures from impacting the insured and those around them from suffering the full brunt of these losses. Without insurance, losses create economic uncertainty, the disruption/destruction of growth, pain, suffering, and so much more.

What Exactly is Insurance?

A promise of compensation for specific potential future losses in exchange for a periodic payment. Insurance is designed to protect the financial well-being of an individual, company or other entity in the case of unexpected loss.

In other words, you sign a contract to pay a small sum of money now for a much larger amount of potential money if you suffer a loss.

So how does an Insurance Company make any money doing that?

Well, you’re not alone. Many other organizations or individuals like you buy policies. Not everyone suffers a loss, thankfully, so the Insurance Company pools everyone’s money together to pay for the losses, the company’s expenses, and some amount of profit. Without the pooling of money and the availability of a much larger sum of money when you suffer a loss, you or your organization would have to deal with the full impact of a large claim without any help.

If Insurance Covers Losses, Why Do I Need to Pay a Deductible?

A deductible is the amount that the insurance buyer must pay out of their own pocket for each claim. There are several reasons Insurance comes with a deductible (not all insurance policies do, but most include some form of deductible):

  • Insurance = the brakes, airbags, seatbelts, crumple zones, turn signals, blind spot indicator, back up camera, etc.
  • Reduces the overall cost of insurance for everyone because small or ‘nuisance’ claims fall within everyone’s deductible…and without insurance, you’d be paying for these out of pocket anyway
  • Provides a way for you to even further reduce the cost of your own insurance premiums or purchase larger amount of total coverage by taking a larger deductible…assuming you’re willing to put in the required attention to Risk Management Services to decrease the likelihood you’ll have a claim

What Can My Organization Insure?

The answer here is almost limitless. New insurance products become available every year. And outside of traditional insurance, Wall Street and other financial markets have created all sorts of exotic insurance vehicles to provide protection or hedge against losses. We will focus on the more main street, traditional, and universally available corporate & commercial insurance solutions here:

  • Your Stuff at Your Location – buildings, furniture, electronics, products, money, etc.
  • Your Stuff that Travels Around – inventory, products, equipment, electronics, etc.
  • Your Operations – revenue, liability to others, automobiles, your services, your data, the data of others, people, etc.
  • Your Workers – full-time, part-time, temporary, volunteers, etc.
  • Miscellaneous – receivable balances, products to be recalled, aviation, crops, livestock, cargo on the ocean, sports accidents, etc.

The most important ways of determining which insurance to choose focuses on how your organization operates, where the largest risks are, what solutions are available to address those risks, and if there are any alternatives to buying insurance for those risks.


What’s the Difference Between Insurance and Insurance Solutions?

Insurance is a catch-all word that refers to all of the options that are out there. It includes the various types of insurance as well as each of the more specific products available within those types. Treadstone Risk Management’s goal isn’t to simply sell ‘Insurance’. If that were the case, we would pick a handful of insurance products that sold well and would try and get everyone and anyone to buy them.  We tailor insurance solutions to our clients' needs and seek the best value in the solutions that we recommend.

What’s Wrong with Purchasing a Popular Insurance Product?

To start, some insurance is always better than no insurance at all. So this isn’t an all-or-nothing situation. One-size-fits-all insurance products are quick, cheap, and easy to purchase but there’s a reason they’re quick, cheap, and easy. The reason is that they are designed for the average buyer. Unfortunately, 99.9% of buyers aren’t the average buyer and they find that out only after they run into an issue with a claim or loss. In addition, when you try and fit together cookie-cutter policies to cover multiple things, they can conflict, overlap, or leave you completely unprotected to a loss you thought you would be covered for.

Treadstone Focuses on Insurance Solutions.

Our goal is to build a Risk Management and Insurance Program that is tailored to each one of our clients’ needs. Insurance Solutions are specifically targeted insurance policies and products that meet these needs. To take it further, the collection of these policies and products need to work together in concert so there are no ‘holes’ or ‘gaps’. Treadstone takes a holistic approach to this process.


We focus on

  • How your organization prefers to operate
  • What your track record for losses has been
  • Trends within your industry
  • What sets your organization apart and makes it unique
  • Insurance marketplace trends
  • Alternative Insurance Structures
  • Alternatives to Insurance All-Together

We then provide Solutions

  • Products that will form the backbone of the coverage plan and address the highest priority risks your organization faces
  • Extensions of coverage or targeted products to fill gaps
  • Coverage limit options that depend on the level of risk to your organization
  • Deductible options to help control costs and/or preserve capital to cover another area of high priority risk or reinvest in your business
  • Alternative Insurance Structures to fit specific needs or business goals


An Insurance program that compliments the Risk Management activities we recommend to reduce the likelihood of certain losses, reduce their costs if/when they do happen, and dramatically reduce the threat of disruption or catastrophic failure for your business or organization.

What are Some Examples of How Insurance Solutions Can be Tailored to My Organization?

Property Management Operations
  • Concerns: Large property values, location-specific profitability and dealing with a large number of contractors
  • Tailored Solutions: Blanket Property Coverage, Owner Controlled Insurance Programs, and Tenant-Master Liability policies
  • Concerns: Competitive bidding for jobs, worksite safety, and cash flow concerns
  • Insurance solutions: Cost-effective Bonding, Comprehensive Liability and Completed Operations Coverage, and Job-specific
Biotechnology & Pharmaceuticals
  • Concerns: Hiring the best & brightest minds, purchasing expensive equipment, contracting out some research needs, and protecting against products liability lawsuits
  • Insurance solutions: Key Employee Coverage, Electronic & Data Processing Equipment Breakdown policies, and Strong Products Liability and Recall coverage
Healthcare Organizations
  • Concerns: Patient/Client injury, travelling personnel, and clients’ HIPAA-protected information
  • Insurance solutions: Comprehensive Professional Liability Coverage, Well-defined Workers’ Compensation & Travel Accident policies, and Strong Data Privacy Liability Coverage
Data Analytics Firms
  • Concerns: Costly server farms and huge amounts of valuable data
  • Insurance solutions: Electronic & Data Processing Equipment Breakdown policies and Extensive Data Breach & Privacy Coverage
Non-Profits & Social Service
  • Concerns: Thin budgets, delivering services to clients that depend on them, and organizational oversight
  • Insurance solutions: Cost-effective Coverage with Low Deductibles, Immediate Claims Response & Available Funds, and Comprehensive Directors & Officers’ Liability Coverage
Manufacturing, Warehousing & Distribution Companies
  • Concerns: Supply chain disruption, inventory management, and occupational safety for their workers
  • Insurance solutions: Contingency Planning & Income Coverage, Stock & Inventory Coverage (that adjusts to constantly changing volume), and Comprehensive Workers’ Compensation Coverage
Public Counties, Towns, & Schools
  • Concerns: Maintaining essential services, large property values, and worker safety
  • Insurance solutions: Responsive Claims Handling, Large Value Property Insurance Coverage, and a Workers’ Compensation Plan that Focuses on Return-to-Work

Is There an Insurance Solution for Everything?

For most risks but not all. That is why Treadstone also brings solutions to the table that include Risk
Management Services and Insurance Alternatives.

"Insurance business is about promises and trust.It is about delivering to the customer in times of need and if this cannot be imbibed in a professional neither him nor the industry will succeed."

Tapan Singhel

CEO of Bajaj Allianz General Insurance

"It's not our challenges which make us unique but rather how we choose to solve them."

Ryan Hanley

CMO for & Agency Nation

"It is a mistake to hire huge numbers of people to get a complicated job done. Numbers will never compensate for talent in getting the right answer (two people who don't know something are no better than one), will tend to slow down progress, and will make the task incredibly expensive."

Elon Musk

CEO of Tesla & SpaceX

Once I Choose the Right Insurance Solutions, I’m Done Right?

NOT SO FAST! Harkening back to the car example at the beginning, Insurance Solutions and Risk Management Programs require routine maintenance to make sure that they’re operating properly. Coverage and what is covered needs to be updated, new business practices need to be factored into the overall program, and industry/economic changes can influence what solutions are available and for what price.

That is why Treadstone Risk Management focuses on building a long-term relationship with its’ clients to help with both the construction and yearly maintenance of the solutions we provide.

We want your business or organization to keep performing at a high level and hopefully growing. In that way, Treadstone is your partner. If you succeed, so do we!

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