Philip Hoyt

Philip joined the Ralph Wilson Agency team in the summer of 2019, bringing nearly fifteen years of experience in the insurance industry. He applies the skills of his past endeavors in management/ownership within the food industry (retail, wholesale and manufacturing) to contribute to his overall success.

Philip takes pride in becoming his clients’ trusted advisor, using the Risk Reduction Approach™, to coach clients and create a detailed industry specific Risk Reduction Plan™ that targets exposures based on client and industry claims data.

Philip assists clients in the implementation of the Risk Reduction Plan™, focusing on incorporating policies and procedures that target risks, becoming proactive not merely reactive. This ultimately reduces the exposures of risk and limits claim severity/frequency. This process, when done correctly, has proven to control the overall cost of insurances for his clients. 

With a CAWC (Certified Workers Compensation Authority) designation, Philip also helps clients manage their E-MOD, Workers Compensation Experience Modification Factor, utilizing the Risk Reduction Approach™. Clients benefit greatly with a lower E-MOD, not only resulting in lower premiums, but a broader selection of insurance carriers that will compete with aggressive premiums to cover a more attractive risk.

The Risk Reduction Approach™ is an effective tool for controlling insurance costs. Contact Philip to learn more, as 30 minutes will change the way you think about procuring insurance forever.