About Our Agency
The Sigel Insurance Group was founded in 1930 by Louis P. Sigel, Sr. The third and forth generations are currently active in the business - Eric C. Sigel, CPCU, CSA as President and Teresa Sigel Glass, CIC, CISR, CPIA as Corporate Secretary.
Our commitment has always been to place our clients needs first. This philosophy is drawn from the CPCU pledge: we shall strive to ascertain and understand the needs of others and place their interests above my own, and shall strive to maintain and uphold a standard of honor and integrity that will reflect credit on my profession.
A prime example of placing our clients needs first involves one of our larger insured healthcare accounts to whom we suggested self insurance - instead of purchasing insurance. We performed a feasibility study and applied to the Commonwealth of Pennsylvania for permission to self insure for Professional Liability and Workers Compensation. On a consulting basis, we manage its Risk Management and Self Insurance program realizing savings of over $2,000,000 in net insurance premiums since 2003. Even though our income dropped dramatically, it was the right thing to do for our client and we would not hesitate to offer the same advise to any other client if it made sense for them.
Would your insurance broker do the same or have the expertise to accomplish a self insurance transition?