The second level of insurance would be a voluntary insurance pool with a placeholder target of $10 billion funded by responsible parties to cover legitimate liability claims above $1 billion.
Keep them engaged during annual enrollment and consider a workplace benefits strategy that includes affordable options such as voluntary insurance and communication that aligns with their lifestyle.
Its investigation found higher premiums charged to homeowners for lesser protection, finding some were two to 10 times more expensive than voluntary insurance policies.
In particular, it is difficult to pool dissimilar risks in a voluntary insurance bracket, unless there is a subsidy available to encourage participation.