Last year, the larger member companies of our national trade group met with TSE's co-founder, their underwriter, and a lawyer familiar with the captive, to better understand each other's businesses and the challenges we face.
We came away with a "big picture" understanding of how the captive works, what the cost savings could be, and how risk is reduced when spread across many lives. TSE learned that our industry has many young workers, most of whom often do not have the typical health risks seen in other industries.
In the first 12 months, we are performing well and on our way to getting money back. We also limited our maximum exposure by effectively utilizing a stop-loss insurance wrapper.
Roy Fazio - Chairman Affiliated Staffing Group[fa icon="quote-right"]