Novo Building Products (Novo) is an industry leading manufacturer and distributor of stair parts, mouldings, doors and specialty millwork. When Novo needed a solution to economic challenges presented by rising costs, they turned to Acrisure Partner 44North.
"Year after year, our medical insurance renewal would come back, the costs would go up double digits, and it appeared there was nothing we could do about it. Novo needed a Partner when it mattered most, and we turned to 44North, an Acrisure Partner with experience in our industry and a track record for client success," said Jeff Broene, Chief Financial Officer of Novo.
Not long after meeting with the Acrisure team at 44North, Novo entrusted their employee benefits business to Acrisure.
Results
Within the first year of partnering with Acrisure, Novo lowered their premiums, saving more than $1 million. Now, Novo is better equipped to provide colleagues with enhanced medical benefits and reduced premiums. These results help move the needle on far more than cost – Novo has found these enhancements also improve colleague engagement and employer branding in a competitive market.
Acrisure relied on strong customer service and attention to detail to deliver for Novo. For example, the team developed a prescription drug program for Novo that helps save cost and puts dollars back into their employees’ pockets through reduced co-pays.
"The Acrisure team at 44North is top shelf," – Jeff Broene, CFO of Novo.
Acrisure serves millions of clients – like Novo – who are industry leaders and rising stars in dozens of industries. Through our global Partner network and artificial intelligence capabilities, we can help address challenges facing today’s business owners and help entrepreneurs grow and protect what matters.
Acrisure's expertise and innovative insurance solutions helped transform Novo into one of the state’s fastest growing building product suppliers. Find out what Acrisure can do for your business by contacting us today.
Important Information:
For additional information, please visit our website at Acrisure.com. Products or services identified herein may not be available in all jurisdictions. The information and descriptions contained herein (a) are not necessarily intended to be complete descriptions of all applicable terms, conditions, and exclusions of the policies referenced, (b) are provided solely for general informational purposes, and (c) should not be viewed as a substitute for legal, regulatory, or other advice on any particular issue or for any particular reason. The advice of a professional should always be obtained before purchasing any insurance product or service, and you should not rely on the information provided herein for the prevention or mitigation of risks or as a full and complete explanation of coverage under any insurance policy. While the information contained herein has been compiled from sources believed to be reliable, no warranty, guarantee, or representation, either expressed or implied, is made as to the correctness or sufficiency of any representation contained herein.