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...re concerned, should be subject to hard-nosed financial analysis. Claims-adju...2) you'll upgrade the risk manager job to a higher level.

... second item is more difficult. Benefits might be summarized in the following fashion: The risk manager should bring order to an otherwise possibly confused situation, improving all departments' efficiency. Insurance premiums should be reduced when more careful attention is given to establishing coverage criteria; hard negotiating with agents, brokers, and direct writing companies; and familiarity with the insurance world. Actual losses should be reduced because attention is given to loss-control needs, careful scrutiny of loss reports, and knowledge of whom to contact for specialized help. Careful attention ... communicate closely with all the officer just mentioned. When Is a Full-Time Risk Manager Justified? As an organization grows, its risks become more complex, insurance premiums rise, and loss assumption capability grows. A point will be reached when a full-time risk manager should be placed on the staff. Though each situation is unique, some guidelines can help. There are two points that, if quantified, will help you decide whether to take on a full-time risk manager: The cost of paying one The savings to be expected, considering ... , or whoever, is responsibile for seeing that the function is properly structured. In a small entity, he may do it himself. In a larger entity, he'll delegate the function to one of the following: Chief Financial Officer. The CFO, treasurer, director of finance, controller, or the like will most commonly have this function because risk management is largely financial. However, this person must rely heavily on the skills of other departments. Personnel Director. This position frequently oversees safety, possibly Workers Compensation, and ...

... It defeats the reason for a stock sale from the seller's viewpoint. In valuing expirations, good will, or a covenant not to compete, potential problems were formerly created by the IRS's residual method' of allocating payments. The IRS will first allocate payments to the hard assets of the agency, and then allocate any residual value to the intangible assets. Since all these assets are now amortized over 15 years, the distinction among them seems to have disappeared. The buyer of stock takes over the corporation's liabilities, as well as ... CB 225. However, if such payments are made to an officer or director, withholding may be required. See 1992 Pub. 589, Tax Information on S Corporations, p. 11. Continuing as a solicitor Not infrequently a retiring producer wants to continue to place some new business as a solicitor. A solicitor should be an independent contractor if any payments are being made to him that are intended to be excluded from withholding and employment taxes, such as partnership liquidation payments or covenant not to compete payments. Ability to draw ... computed. IRC Section 3121(v ) . Payments to S corporation stockholder Payments to an S corporation stockholder are normally not compensation, and there is no withholding. Rev Rul 59-221, 1959-2 CB 225. However, if such payments are made to an officer or director, withholding may be required. See 1992 Pub. 589, Tax Information on S Corporations, p. 11. Continuing as a solicitor Not infrequently a retiring producer wants to continue to place some new business as a solicitor. A solicitor should be an independent ...

...ill first allocate payments to the hard assets of the agency, and then allocate any residual value to the intangible assets. Since all these ...t of a decedent, suffering both estate and income tax (with