https://completemarkets.com/Article/article-post/1629/MANAGING-RISK-A-GUIDE-FOR-YOUR-BUSINESS-CLIENT-PART-1-OF-4/
...ction is properly structured. In a small entity, he may do it himself. In a la...o handle bid, performance, and permit bonds. Professional Networking. As ...
https://completemarkets.com/Article/article-post/388/The-Future-Of-Commercial-Lines-For-The-Independent-Agency/
...orces at play, and there are a few small signs of its emergence.
When we look...
https://completemarkets.com/Article/article-post/2254/ALTERNATIVE-RISK-FINANCING-NOT-JUST-FOR-FORTUNE-500-COMPANIES/
...y loss exposures. Medium-sized and smaller companies usually buy Commercial i...ments are generally met by providing bonds or letters of credit. In some case...
https://completemarkets.com/Article/article-post/946/IS-EMPLOYEE-OWNERSHIP-RIGHT-FOR-YOUR-AGENCY-PART-I/
...ut when push comes to shove only a small percentage of them are willing to ma...tom stock and vesting in a book of business. To be continued. The ...
https://completemarkets.com/Article/article-post/2429/The-Top-10-Rules-When-Selling-Your-Agency/
... of the year. Pay attention to the small things; you've already taken care of ... in until you have agreement on the business issues first. Buyers generally dr...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2254/ALTERNATIVE-RISK-FINANCING-NOT-JUST-FOR-FORTUNE-500-COMPANIES/
... frequency and low severity "High frequency and low severity" means that the number of losses should be at least several dozen per year, of which most are less than $50,000. As a case in point, a large hotel would probably experience many small Workers Compensation claims but relatively few, if any, large claims. A bank can also expect to have numerous low severity Comp claims. Alternative risk financing usually involves loss severity — the exposure to large losses — by purchasing excess insurance or reinsurance. INSURANCE LINES ... , combined with insurance, to finance a company's property and liability losses; a formal program for managing and paying for an organization's losses, usually for a defined period. COMPANY SIZE The first question owners and managers of medium-sized firms ask is "How large must my business be to use alternative risk financing?" Size isn't very important. The main criterion is losses. As a rule of thumb, alternative risk financing requires approximately $500,000 in annual incurred losses in one line of insurance — for example, Auto, ... #160 Guaranteed cost Retrospective rating Large deductible Self-insurance Captive insurance This chart summarizes the main features of these alternatives: Analysis of Key Risk Financing Alternatives Rating Scale 1-5: 1 = least favorable; 5 = most favorable Guaranteed Cost Retro/Rating Large-Deductible Self-Insurance Fronted Cost Non-Loss Administration 1 2 4 5 3 Maintenance 5 4 3 2 1 Organizational Control 1 2 3 5 5 Guaranteed cost insurance. Guaranteed cost remains an attractive option, particularly in a highly competitive insurance market. "Guaranteed cost" means that the insured pays a ...
https://completemarkets.com/Article/article-post/1657/UNIVERSAL-LIFE-INSURANCE-MODULE-V-E/
...nning in the second year-all for a small tax paid on the first-year-end surren...dollar insurance is another way for businesses to give a key employee a large ...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/946/IS-EMPLOYEE-OWNERSHIP-RIGHT-FOR-YOUR-AGENCY-PART-I/
... perpetuate internally will be looking for employees with an entrepreneurial spirit, a desire to participate in management, and a willingness to contribute to the buy-outs of retiring owners. Most employees will say that they'd like to be owners, but when push comes to shove only a small percentage of them are willing to make the financial and personal sacrifices associated with a major ownership role. Promising ownership when you hire someone is like playing Russian roulette with five loaded chambers. No matter how qualified a candidate seems, you can't know at that point ... , offer them other types of incentives. These ownership incentive options include: 1. employee stock ownership plan (ESOP) 2. individual stock ownership 3. phantom stock/performance units 4. vesting in a book of business This article will discuss the ESOP and individual stock ownership options. A second article will focus on the phantom stock/performance units and vesting approaches. In evaluating your options, remember that implementing any type of equity-sharing program is more permanent than simply giving a raise ... employee ownership; however, it's not necessary to give ESOP participants voting rights. The agency must have a large enough profit potential (22%) and high enough eligible payroll costs (at least $500,000) to fund the ESOP and its relatively high administrative costs. Agencies in which revenues and profits haven't been growing at a healthy rate might risk having the stock price decline after they implement the ESOP and should probably hold off on adopting the plan until stability returns. A number of appraisal methods can be used to ...