More About BBCG --- Our History

Boca Benefits Consulting Group, Inc. (“BBCG”) was formed by Robert W. Murphy in 1996. Its original situs was in Boca Raton, Florida. It was subsequently moved to Clearwater, Florida in 1999. It provides a comprehensive array of employee benefits, business protection and business continuity related services. In addition, its sister company, 1st Murchadhian Strategic Consultancy provides various business analysis and product services to strengthen non-benefits functions.  BBCG has been deliberately horizontally structured with minimal infrastructure and overhead to take advantage of BBCG’s many strategic relationships with the best professionals in the industry. Once a client’s needs are assessed, the best team for the job is assembled from those relationships. This “virtual company” approach has become a proven concept since BBCG’s creation.

Mr. Murphy’s experience in employee benefits is both broad and deep. He has a total of 31 years in the benefits industry, ten of those with two major managed care carriers (1980-1990) and the balance in the broker/consultant business. During that time he held carrier positions as a home office group insurance underwriter, regional sales manager, new market/product entry consultant, statewide marketing manager, and a product transition manager following an acquisition.  Prior to forming BBCG, he worked for a major national broker/consulting firm where he provided services to many large Florida-based accounts. Over his career, he has worked with both small employers and large Fortune 200 sized ones.  The industries have ranged from coal mining in southwestern Virginia to a major news service in New York City.  From 1997-1998 he was retained by a South Florida based investment group to assist in the development of a new product concept. Since 1999, when the company moved to Clearwater, it has provided brokerage and consulting services to several large employers both locally and in other major Florida markets.

In the competitive world of employee benefits brokerage/consulting, Mr. Murphy has also strategically differentiated BBCG, Inc. from the majority of his competitors via on-going professional education and cross training. In 2004 he was a participant at Harvard University’s “Skills for the New World of Health Care” course. In May of 2006 he was awarded the Chartered Financial Consultant (“ChFC”) designation from The American College. He holds previously conferred designations from The American College as a Chartered Life Underwriter (“CLU”), Registered Health Underwriter (“RHU”), and as a Registered Employee Benefits Consultant (“REBC”).  In addition to those professional designations, he also holds a BBA in Banking and Finance and an MBA with a concentration in finance.

The most recently conferred ChFC (i.e., Chartered Financial Consultant) designation has allowed Mr. Murphy to provide his benefits clients a broader array of services such as  non-qualified perqs, business continuity/succession coverages, and top management estate planning services (i.e., via a team of professionals assembled by Mr. Murphy in the Tampa Bay area). Keyman insurance to protect company cashflow, insurance bonus plans to compensate critical managers, and various forms of cross-purchase buy-sell agreements requiring insurance instruments are all within BBCG’s portfolio of services. Estate planning for top executives is provided in conjunction with a team of top professionals from two major national life insurance carriers.

BBCG, Inc. provides traditional health, dental, life and disability brokerage services for employee benefits plans. It has also designed and implemented HSA consumer-driven plans for clients who have chosen to explore that means of healthcare cost control. As an independent broker/consultant, the carrier options available are limited only by a client’s needs and desires.

Please also note that BBCG is a duly registered agency per the requirements of the Florida Department of Financial Services effective October 1, 2006.

In addition to conventionally insured approaches, Mr. Murphy has extensive experience with self-insured plans, TPA’s and various forms of associated “stop-loss” insurance. He has also assisted several clients in implementing various managed care carrier based “ASO” self-insured plans in lieu of the TPA approach.   

In recent years many employers have also found it in their best interest to contract with a third party enrollment company in the fall of each year rather than devote limited in-house resources to explaining benefit changes and re-enrolling the existing employee group. The value is both in the freeing up of human resources as well as the message itself. Prior to the beginning of an enrollment season, management works closely with the enrollment company to tailor a benefits related message that is conveyed to employees via a laptop computer during  a face-to-face, one-on-one, presentation. The resultant enrollment data can then be uploaded electronically to the eligibility systems of most of the major insurance carriers which minimizes handling by the employer’s HR staff.

BBCG has developed a strategic relationship whereby the above enrollment/communication resources can be provided to a client for literally zero cost. The mechanism for financing this service is the offering of voluntary, non-core, payroll deduction, benefits to employees which in turn develop enough compensation to offset the enrollment company costs. The enrollment company assumes all risk relative to the amount of employee voluntary participation required to pay for their services. There are no contingent costs which accrue to an employer.