MEETING OF LIKE MINDS
Ingrid Merriwether and Darren Caesar
we ’ ve had surety companies over the years that we ’ ve been operating these programs make about $ 6 million in premiums income that was almost pure profit because they ’ ve never had a loss – our program enrollees have maintained a one-tenth of one percent program loss ratio , which is significantly below the industry average . This illustrates how diversity , equity and inclusion are of benefit to everyone and that resources have a multiplier effect , because every sector of business benefits when you bring more resources to those who have historically not had access to those resources . When our contractors get work and secure bonds , surety companies write bond premium that they would not have otherwise written .
We coined the term “ aligned risk management ” to describe MWIS ’ strategies to overcome participatory barriers for underrepresented groups in public contracting , while concurrently effectively reducing client risk through a multifaceted approach , with emphasis on construction / contractor business risk . From insurance solutions that reduce insurance as a barrier to smaller firms , to our contractor development programs with financial resources imperative to successful construction contracting - like bonding and contract working capital - there is 27 years of data that supports this approach . Now , with
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