Alliant Broker Joseph Cafferelli Recognized as a 2020 At Large Power Broker
Joseph Cafferelli, Executive Vice President, Alliant Insurance Services
Sometimes a good insurance program is paramount for the very existence of a business. So when it became ever harder for investment firm Outlier Capital to find liability coverages for one of its franchise businesses, they were just glad that they could count on Joseph Cafferelli, the executive vice president at Alliant Insurance Services.
“We have a family entertainment business where safety is critical, and changes in the insurance made it a very challenging sector for insurance,” said James Colyer, the managing partner and CFO at Outlier.
It was not a trivial matter. The company in question has over 150 franchisees that, if it could not renew its liability coverages, would not be able to stay in business.
But Cafferelli and his team devised a structure where insurance was arranged at the franchisor level, reducing the risk from individual franchisees and enabling a reduction of 20% to the client’s insurance program.
He had recently switched brokers, and did not regret the decision, as Cafferelli also helped Outlier to streamline the several different insurance programs it had across its portfolio of companies. Neither did John Meloun, the CFO of XPonential Fitness, who has also recently started to work with Cafferelli and promptly adopted his suggestions to enhance the company’s insurance structure.
“Joe came in and actively assisted in managing me through the renewal,” he said.
What is a Power Broker?
A Risk & Insurance Power Broker® is an individual who stands out among their peers for the exceptional client work they delivered over the past year. While brokers play many key roles in the insurance industry and risk profession, a Power Broker® award recognizes problem solving, customer service and industry knowledge.
Our goal is to broadly recognize and promote outstanding risk management and customer service among the brokerage community.
Who selects the winners?
Power Brokers are selected by risk managers based on the strength of the testimonials they provide to a team of 15 Risk & Insurance editors and writers.