We provide insurance to a very large spectrum of professionals in the health, beauty and wellness industries. In professional groups, costs are usually distributed because rate increases across a large number of enrolled insureds are not based on your own claims history.
With other professional groups, this can make your initial rate low, with fluctuations across the board, even if a specific industry other than your own starts seeing a lot of claims. Unlike those other professional trade groups, the Alternative Balance Professional Group gives you the option to choose specific trades, clarifying your rates according to risk.
For example, massage therapists aren’t paying for an increase when claims rise for those in the pole fitness industry, and vice versa. If a rate does increase, then, for example, you might see the rate for a massage therapist go up $20 while the pole fitness rate goes up $100.