July 28, 2011 archive
Rent A Captive Buisness
To the average consumer the term rent a captive is a confusing if not misleading term. To the professional familiar with the insurance industry it is one of the niche markets of coverage that quite a few individuals and businesses would like to be in. The concept can be confusing and the rules and laws concerning captives and rent a captives can seem rather opaque to the common person. But with a little research and definition of terms, the business model becomes clear and possibly an option for many businesses.
Does Your Public School Insurance Provide Coverage For Unfounded Claims?
If you are a teacher it is important to invest in teacher’s liability insurance. Public school insurance comes in a number of different forms. While a facility policy will protect the school’s liability and the physical building, it does not protect your own professional liability. Teachers are held to the highest standard. You are expected to be knowledgeable, fair, caring, and strict when necessary. When you are on the job, it is important to know you are protected. Understand how teacher’s professional liability insurance covers you make sure you are covered if the school does not offer protection.
Tips For Nursing Home Professional Liabiity Insurance
Nursing home professional liability insurance is distinct from conventional business or homeowner’s insurance coverage. Because the service of this is to care for the needs of others, they need insurance that can cover specific aspects of their profession. The bulk of this insurance will cover malpractice claims for improper care of patients, which results in patients getting injured or even dying while under your care. Additional coverage will include your home site, property and equipment, employees, patients and visitors to the facility.
Nursing Home Malpractice A Horrifying Reality To Many
Nursing home malpractice is a horrifying form of abuse that is far more widespread than the number of reported cases indicates. Negligence is often found in cases of untreated pain, starvation, and the appearance of bedsores, all of which are signs of poor care. While federal laws are in place that establish the minimum standards of care, approximately 30% of nursing homes across the United States remain guilty of patient abuse.
Lumber Insurance Tips For Superior Company Coverage
If you own a logging or lumber business, you know the importance of obtaining the best lumber insurance coverage you can get. Lumber businesses offer extensive services to their customers. Despite excellent safety measures, some of these services may come at risk to your employees. As the owner of the company, you should be prepared for any eventuality by making sure your business and employees are fully covered.
Take On Some Risk Without Taking On Too Much With Excess Workers Compensation Insurance
Are you the risk manager of your company? Are you responsible for analyzing risk and protecting your company against financial harm? Mid-sized businesses are responsible for carrying worker’s compensation. Some jurisdictions allow mid-sized businesses to consider self-insurance if the company has enough resources. Your company trusts your judgments on how much risk is too much risk. While you may believe your company can handle taking on a small amount of risk, you know you cannot afford a catastrophic loss. If you are stuck between a rock and hard place, consider excess Workers Compensation insurance. Know how it works, who needs it, and how it can benefit your business.
A Delaware Series LLC Primer, For Growing Businesses…
A limited liability company has become the tool of choice for businesses that want to make the step up from a sole proprietor operation to a corporation. The benefits of this step include a more favorable tax situation and protection of personal assets. A series LLC is a unique tool that provides protection for multiple companies, or series, each of which is possibly protected from losses or liabilities that may plague other series. The designation of a Delaware series LLC refers to the state in which it was first allowed. The series LLC is in essence a parent company with one or more subsidiaries.
Cover Your Unique Risks With The Right Insurance Policy
Assisted living facilities are responsible for the care of individuals who cannot reasonably take care of themselves. If you own an assisted living facility, it is important to hire responsible staff members dedicated to caring for others. Accidents can happen even with the most qualified team of caregivers. In order to protect the facility you must invest in a comprehensive assisted living facility insurance plan. The last thing you want to do is invest in an insurance plan that does not provide the protection you need. Do your research and build a comprehensive policy before the need to file a claim arises. With the right insurance provider and the right agent, you can build a great policy with extensive coverage.
Rent A Captive: Save On Insurance Costs
Rent a captive is steadily becoming a popular option for both big and mid-sized firms that clamor for more reasonable premium rates in the light of the skyrocketing cost of getting business and other forms of insurance. In layman’s terms, a captive is an insurance company established by a parent company for the sole purpose of underwriting the parent’s risky business. Since its establishment, such type of insurance has always carried with it an element of risk management.
New Mexico Public School Insurance
Like any large organization that looks at the rising cost of insurance premiums and at the rising cost of health care in general, the teachers and administrators of the public school system in New Mexico decided to use their strength in numbers to get affordable insurance. Public school insurance coverage began in 1986 when the state legislature created the New Mexico Public School Insurance Association. The group included public school districts, charter schools and post-secondary educational institutions. The entity was created not to fund its’ own coverage but to act as a purchasing agent for the group. Through the organization, member schools can offer employee benefits and risk coverage. The lone exception in involvement was the Albuquerque school district.