ESPinc was born out of a need for a system of administering insurance systems and providing an unbiased third party to analyze and make recommendations about your insurance programs . Many public entities find that, although they have tremendous risks and assets, there is not enough work to justify hiring a full time person, qualified to manage their programs. For this reason, many turn to local agents or someone who used to be "in the business" for advise. While local agents have the best of intentions, and in most cases the knowledge to assist, there is still the problem of conflict of interest. In some cases, it can prevent that agent from bidding and losing possible revenue. In many cases the Entity simply assigns the task to someone in their administration. This person usually does not have adequate, if any, insurance background and realistically could be much more productive doing things they were qualified and motivated to do. Probably the most dangerous situation occurs when someone who used to be in the business attempts to manage the program. The insurance industry is so complex and ever changing that what was good advice last year or even last month could cause serious problems for the entity if applied to a current situation. You may be asking why you need to know this. The answer is simple. Consistency. When an election occurs, things change. Someone must consistently be aware of the current insurance program and it's history. ESPinc has for thirty-six years been a friend to public entities in the state of Tennessee. As the state's economy has expanded, local government's insurance programs have grown in complexity and cost. The need for our services has also expanded. Mr. Shupe purchased the company from its original founder in 1988 with seven clients. Today we assist in the management of nearly forty public & commercial entities which includes approximately $1,000,000,000 of property and over 25,000 insured lives. To protect the integrity of the company, the current President, Mr. Bob Shupe, has held to the principle that the company would never be allowed to grow beyond its ability to serve its clients. It is for that reason that ESPinc has kept pace with technology and education for their staff. We believe there are no short cuts to this process. We also firmly believe it will save you money and give you piece of mind about all of your insurance programs. Contact us today!

Specific Services Offered By ESPinc: 

Property & Casualty Insurance

1.  Inspect all property and determine the estimated replacement value using industry standard software.  (GASB 34)
 
2.  Develop Electronic Bid Specifications or Request for Proposals covering all  property & Casualty exposures.
 
3.  Analyze the existing property & casualty insurance program, making  recommendations for appropriate changes, and assisting in the implementation of those changes.
 
4.  Analyze Bids and Request for Proposals producing a summary report including the financial stability of each company or pool who submits a quote.
 
5.  Ongoing assistance in risk management programs, including review of insurance policies, invoices, audits and related insurance correspondence and request for information.
 
6.  Secure answers to any questions regarding insurance coverage or claims.
 
7.  Periodically review your risk management programs and make recommendations as to where changes appear appropriate.
 
8.  Update limits of liability and property values to assure adequate insurance coverage based on on-site visits.
 
9. Negotiate renewals in off years.
 
10. Review insurance company inspection reports and loss control recommendations.
 
11. Maintain insurance records and policies for seven years.
 
12. Lobby State and Federal Government to protect the clients best interests.
 

2.  Develop Medical Plan Benefits, utilizing Cost Control features; yet, providing High Quality, Cost effective, Health Care Coverage.
 
3.  Advise of the possibility of becoming a member of a Preferred Provider Organization (PPO), Health Maintenance Organization (HMO) or Point of Service Plan (POS).
 
4.  Develop plan documents as required and prepare Electronic Bid Specifications or Request for Proposals.  We will secure proposals direct from insurance providers, Third Party Administrators or through insurance agencies.
 
5.  Analyze proposals and make recommendations.
 
6.  Communicate Plan Benefits to employees by coordinate educational meetings with the employees and the providers/claim payers and network representatives.

7.  Analyze claims paid reports and make recommendations to correct mid year problems.
 
8.  Negotiate renewals in off years.
 
9.  Secure answers to any questions regarding insurance coverage or claims.
 
10. Assist the client in preparing amendments.
 
11. Maintain insurance records and policies for seven years.
 
12. Lobby State and Federal Government to protect the clients best interests.