CASE STUDY - CONSUMER GOODS
Consumer Goods Manufacturer Saves $230,000 in Insurance Costs with Profit Professionals Help
For a consumer goods manufacturer, insurance is one of those 'fixed costs' that you just cannot avoid and at the same time is vitally important to a successful export strategy. Profit Professionals was recently called upon by one such manufacturer who felt that there could be some cost savings to be found within their existing insurance package.
Having been convinced by their Property and Casualty brokers that there were limited markets for their products the company was told that they were getting the best deal available. Profit Professionals came in and undertook a detailed analysis of the company to determine if in fact they were getting the best value they could.
"Profit Professionals conducted its work in a professional and courteous manner," said a company executive. "They took a few hours of our time spread over a couple of months and not once did their presence affect overall production. I was very impressed with their services".
At the end of Profit Professional's tenure, the company's assumptions on the supposed 'value' of their insurance package were proven correct. Profit Professionals identified insurance savings of over $230,000 per annum, a significant amount of money to a 150 employee business that relies heavily on export sales.