A Safety National Loss Portfolio Transfer (LPT) can be an excellent financial solution to help transfer outstanding loss liabilities.
- Ability to convert all known and unknown liabilities into a fixed payment
- Potential release of collateral from state*
- Elimination of joint and several liability for group self-insureds*
- Removes potential for additional assessments of members
- Possible tax deductibility of loss payments**
- Elimination of administrative costs and future assessments
- Improved balance sheet
*Subject to jurisdictional approval.
**As with any significant financial transaction, Safety National urges its clients to consult with a tax advisor to assess and analyze tax implications.