On Friday, August 31st, we'll be giving a webinar titled, Using a Captive For Health Care Coverage. This half-hour webinar will discuss:
1.) Risk -- what it is, what it isn't, and how we fund it
2.) Insurance -- what it is and what it isn't
3.) Forming and running the captive.
4.) The healthcare segment
The webinar is at noon and will last about half and hour before questions.
You can sign up at this link.
You've had the same insurance broker and company for the last few years (or longer). You renew your policy like clockwork without giving it much thought. Is this really a good idea? No. In fact, it can lead to higher insurance costs:
Do you assume that you will receive a reward for staying loyal to your insurer — or do you simply not have time to switch or haggle for a better deal? Either way, the amount of money you’re losing will surprise you.
New figures by Which?, the consumer watchdog, show that customers who have been with their insurance company for between four and six years are paying 54 per cent more (on average £300) for their combined contents and buildings insurance than customers who took out a new policy in the past 12 months (who pay an average of £195).
This story highlights the need to continually monitor all aspects of your risk management program to make sure its running at peak efficiency. This is a key part of our feasibility study process and annual program review.