1. Consider whether a captive is right for your company if you have a good risk record and are tired of rising premiums.
When a company feels it has no control over its continually rising insurance premiums or that its good risk record isn’t being rewarded, but it isn’t ready to risk or cannot afford to become wholly self-insured, what can it do? What if commercial carriers aren’t willing to insure its unique risks?
A group insurance captive–an insurance company created specifically to serve the needs of a like-minded group of insureds—might be the answer. The members of the group own the insurance company, fund its loss reserves, and control its operations to benefit each other. Read more.
2. Strengthen your employment practices risk management if you are concerned about employee lawsuits.
It is difficult to keep pace with employment regulations during the best of times. Considering today’s heightened social activism, a polarized political climate and a gripping pandemic, these are not the best of times.
What can employers do to strengthen their employment practices risk management and reduce the risk of employee lawsuits? Learn more here.
