November 19, 2019
It’s worth considering, especially if you have been seeking an insurer who can confidently service every aspect of your company’s insurance needs and you haven’t found one. There are a lot of insurers set up for general policies, but if your company has unconventional coverage needs, it’s often a matter of juggling many providers and quotes, as well as overlapping payment periods. If you invest in captive insurance, though, you can easily streamline the process by creating the insurer who can fully service your business.
Streamline Payments and Costs
When you set up a captive company, you’re basically creating a service business owned in part by your company. It’s possible to fully fund a captive yourself if you need to, but it’s often more cost-effective to pool resources with a couple partner companies to make an insurer who can take care of all of you, with a bigger risk … Read More
October 8, 2019
Choosing the right insurance to best protect your assets is an important decision. With the variety of options for insurance coverage available, it can be a complicated decision. It is important to ensure you have the right coverage for your company. Take the time to research your options that best suits your business’s needs.
General Liability Insurance
This is the traditional insurance coverage that most people are familiar with. A General Liability policy is purchased from an insurance company. This kind of policy will protect against liability claims for bodily injury and property damage. This is generally the most comprehensive coverage suited for high-risk companies.
With captive insurance, a company or group of companies will set up their own captive insurance group. Premiums get paid into the captive insurance company and claims get paid out from there. In essence, the insureds are the insurers, controlling the insurance … Read More
September 10, 2019
If you’re considering purchasing your first home, congratulations! Being a homeowner is a rewarding experience. You’ll be able to make a space your own and enjoy lasting memories with your loved ones in the place you make a home. To ensure that your first home purchase is a success, there are some tips you may want to consider.
Build an Emergency Fund
As any homeowner knows, the unexpected will happen at some point during the life of your homeownership. It’s best to start putting money away now in an emergency fund so you’re better equipped to handle those unexpected emergencies, such as a busted pipe in the middle of winter or a leaky roof.
Invest in Homeowners Insurance
Because the unexpected happens, many homeowners invest in homeowners insurance to ensure they’re protected in the event of an emergency. This insurance gives you added peace of mind knowing you’re covered beyond … Read More