About the NHERMC

Why a Consortium?

Insurance companies view your insurance premiums as their own.

An alternative program allows you hold to onto the loss dollars and move the carrier further away from the risk thereby reducing costs.
Carrier loss control is sometimes general and not as focused on higher education specific exposures as compared to what can be developed in your own program.
In a standard program, you are subject to the coverage afforded by the carrier; whereas, in an alternative program you can tailor make your own coverage document.
When you have a good loss year, carriers do not typically provide dividends; whereas, in your own available program funds (incl. investment income) are yours to use as directed by the membership. In a standard program, you give up control of how claims are managed whereas in an alternative program a TPA would work on your behalf. Its your money!

Created and conducted Higher Education Assessment for the Nazarene Church schools in 2010
NHERMC was founded in November of 2010 with seven members
Beginning in 2014, NHERMC started added other like-mined mission focused Christian college, universities and seminaries
Current program consists of Property, Casualty, Workers’ Compensation, Ancillary and Student and Athletic coverages
Each school is underwritten for their own exposures and experience; and enjoy pricing and coverage incentives of a large buying group

Annual Risk Management Conference for risk management and human resource personnel
Crisis Management and Business Continuity Program
Certificate Tracking and Risk Transfer Program
Students in Practicum Program
Cyber Security Assessment and Penetration Testing Program
Fleet Assessment and Student Driver
Safety Rodeo program

Peer benchmarking eliminates gaps and overlaps
in coverage resulting in over 25% in savings
Appraisals of all property, contents and fine arts
(including Ordinance and Law)
Minors on Campus Heat Mapping Study leading to implementation of on-line training, management reviews, policies& procedures and a 24/7 reporting hotline
Enterprise Risk Management capabilities introduced in 2016
Collaboration beyond risk management and insurance

Not considering Property and Ancillary coverages
Similar to what Public Entities and Education risks from around the country have accomplished for over 40 years
Several Illinois Pools with members less than ten and as great as 125 have enjoyed the benefits of alternative risk financing
Successful experiences in managing risk, building surplus and returning dividends back to their members
Select group of schools that will subscribe to risk management best practices (i.e. Minors on Campus, Crisis Management, Third Party Risk Transfer, Fleet Safety, etc.)