Last week I was talking to John Diesel of Consolitated National Insurers. He is the VP of an insurance firm that I met at a state termite course. We were discussing ACE certification and the training/education/industry commitment that earning an ACE shows. (Of course, the same is true of those who earn their BCE ... we were just talking about ACE).
John was explaining the insurance industry to me. Any time a new client comes to him he has to "sell" that client to the underwriters, highlighting the businesses many facets; talking about their training, background, safety standards, and so forth in an effort to get the client the best rate as possible. Because the more that the client is trained and educated, the less of a risk they pose to the underwriters.
"So, is it safe to say then that if a person earns their ACE that they are less of a business risk to insure and would thus be likely able to secure a better rate for their PMP business insurance?" I asked.
"Absolutely," John agreed. Later he added, "Anytime someone has their ACE, I can use that when I talk to the underwriters as a way to help try and get them a better rate."
So there you have it ... earn your ACE or BCE and you very well may be able to save money on your insurance.