Q: Why, am I uncomfortable with our bandwidth to develop a process that meets government compliance obligations?
A: Government compliance issues make everyone uncomfortable. You have to spend an inordinate amount of time and resources figuring them out only to have them change with every new piece of legislation. You have to wonder how anyone in your company has the time or expertise to stay on top of compliance issues. Likely, they don’t.
That puts you and your company in jeopardy. Government compliance is not optional and failure to comply does come with penalties.
KBIC’s business model is built on staying current with the ever-changing complexities of insurance rules and regulations. We take the onus of insurance administration and compliance off the shoulders of you, your management team and human resources personnel so that each of you can do what you do best – grow your business.
Think of KBIC as an extension of your human resources department – not a replacement. By hiring us you get all the benefits of having a full-time insurance manager without actually having one on staff. This holds your costs down and eliminates the opportunity cost of investing your own talent in the wickedly complicated insurance cost control and compliance process.