Captive insurance companies have saved some firms millions in premiums and taxes. You might, if your business has a net operating income of at least $500,000 a year. For decades, large public companies and nonprofit organizations have formed captive insurance companies, and saved millions in premiums and taxes. But before we get into the benefits, let’s dig into what captive insurance actually is. Put simply, it’s insuring yourself. Let’s say your company is called Safe Inc. So, Safe Inc. would…
It’s a truism that times have changed, and likewise, insurance has changed, too. The era of purchasing your business insurance from Uncle Harold who lives down the street has passed, if it ever existed, and the World Wide Web is your new hometown.
The commercial building you own is completely protected by insurance, right? Your insurance limit matches the building’s replacement cost, right? You sleep peacefully at night knowing that in the event of a catastrophic fire, the limit you and your agent agreed on will be more than enough to cover a total loss, right? But you have a nagging thought…IS it enough? How can you be sure?
Can You Save Money On Rental Properties Insurance by Not Having Loss of Rent? Many people wrongly assume that they can decrease their costs with rental properties insurance if they don’t take coverage for loss of income. They might indeed pay a little bit less, but the importance of this coverage type is huge.
Having a small business requires you to get insurance. You must be able to learn that anything can happen out of control and it can ruin your business and make you face a financial crisis wherein you will lose all your assets. It can be a major disaster especially if you are not secured with small business insurance quotes. That is why you must be able to learn how to avail this type of insurance since there are a lot…
Whole life coverage is one of the most common kinds of life insurance available and many people have at least a basic understanding of how it works. For example, many people understand that this kind of whole coverage provides both lifetime coverage and an investment tool, should they choose to use it as such.
It’s pretty much an established fact that we live in an extremely litigious society these days. It’s an absolute necessity that business owners look into General Liability Insurance to help protect themselves from lawsuits. The following is a brief overview of the nature of general liability insurance and its coverage.