Insurance

  • White Paper

    Product Recall: Mitigating the Risks and Exposures

    From vehicles to food products, manufacturers of all types are susceptible to government mandated or voluntary product recalls. Despite the frequency of recalls, companies tend to overlook the exposures. The costs of a product recall can range from bodily injury and lawsuits, to loss of inventory, replacing a product, long-term decreased sales, or even loss of employee productivity. Your company is responsible for these costs and could potentially leave millions of dollars at risk if not handled properly. How would your operations be affected if your expenses increase by millions of dollars as a result of a single product recall?

  • White Paper

    The Insurance Market Explained

    Many insurance purchasers have come to believe that their organization is in control of their insurance premium pricing because multiple carriers are bidding for their insurance. However, without fully understanding the dynamics or the terms associated with the insurance market, purchasers find themselves at the mercy of it. The terms “hard market” and “soft market”, for instance, are frequently tossed around the insurance industry but often without much accuracy or consistency. Few people fully understand what characterizes a soft or a hard market, let alone what creates these conditions. In this article, we’ll sort through the insurance industry jargon, explain the insurance market cycle, and examine some indicators of coming market changes

  • White Paper

    NCCI Experience Modifier Explained

    For the vast majority of employers in the United States, the premium they pay for workers’ compensation insurance is primarily determined by something called the NCCI (National Council on Compensation Insurance) Workers’ Compensation Experience Modifier. This number is meant to be a “predictive indicator of future losses.”
     
    Learn more about this important component of your risk management plan by downloading our whitepaper.

  • White Paper

    Dangers of Quoting

    Getting lots of insurance quotes is a no-cost way to save money on premiums….or is it?
     
    The practice of “quoting” without conducting a thorough risk assessment can be highly flawed and dangerous for your business. This white paper illuminates some of the dangers and provides some case studies for your reference as well as the groundwork for an alternative method of reducing cost.

  • White Paper

    831(b) Captive White Paper

    Are you faced with increasing tax liabilities, complex estate planning needs and catastrophic business risk? If so, you might consider an 831 (b) captive as a solution to these problems. Click the link below to learn how successful business owners utilize this alternative form of risk financing to protect, leverage and maximize opportunity.