Case Study: a national chocolate and confectionery manufacturer lowers insurance costs and improves coverage with CBIZ

National Chocolate and Confectionery Manufacturer lowers annual premiums by $49,933 with CBIZ

A national chocolate and confectionery manufacturer was facing a stagnant relationship with its insurance broker, resulting in a lack of proactive guidance and unclear insight into whether its coverage matched its changing risk profile. The new CFO sought a partner to conduct a full review of its insurance portfolio to control costs and ensure necessary safeguards. They engaged CBIZ for its risk management services.

CBIZ conducted a thorough review of all policies, identified coverage gaps, and redesigned key parts of the program. The solution involved exploring new insurance partners and negotiating better pricing and terms. As a result, CBIZ helped the client lower its annual insurance premiums by $49,933 while maintaining strong coverage. This included saving $15,000 on cyber insurance and cutting nearly $35,000 on liability policies, all while adding important global protection.