Companies paying high premiums but having a grasp of potential liabilities are candidates to take on their own insurance responsibilities, usually with guidance from captive consulting experts. The so-called captive assumes a portion of the risk, with the balance distributed to a reinsurance company or similar entity.

The captive consulting company will assess the level of risk that should remain with the company. The balance of the policy goes into the hands of the reinsurance company at a rate that undercuts commercial insurers.

Benefits of Taking on the Responsibility

By insuring itself with the guidance of the captive consulting agent, the company in essence pays premiums to itself and can reap investment income until it has to make payments on claims...

Most people who have never had a prolonged interaction with the criminal justice system have no idea that bail bond services are not all the same. While prices are fairly competitive in the field, the available hours a bond service has for call can vary a lot, and so can the speed at which they work. That’s not the biggest reason why your choice about who to call first is important, though. The biggest reason is because you need to know you are calling the right type of bond service. States and the federal government each have their own criminal justice system, and bond services need to have the professional credentials to operate in each system. That means you might not be able to get all your bonds in one place.

Simplify Your Search

One of the easiest ways to make sure you will have t...

Now more than ever, knowledge is power. Understanding the world of loans and credit can be extremely confusing, so take a look at these different types of loan classifications to get to know the difference. Whether researching credit score info or learning the ins and outs of a substandard loan, knowing the difference can make all the difference itself.

Substandard

This type of loan classification falls into the negative category. In other words, it isn’t a loan that passes. A substandard qualifier means that there is a high likelihood of the bank, the lender, sustaining some sort of loss at the end of the day. Loans that fall into this category must have a specific weakness that is highlighted as a justification...

Sneaky Budget Hijackers

When you are in charge of making a company budget work, or you own a business, it is easy to focus on the major components of income vs expenses. Companies often assume the labor pool is the most significant budget blow. However, there are some subtle players that can hijack your budget and escape your notice.

The Unnecessary but Required Expenses

You might be confused because required seems to indicate a necessary item. However, consider the utilities of your company. Without an energy efficient heating and air unit complete with an HVAC air filter housing system, your electricity bill might be doubled in expense because of the inefficiency. If your company has unnecessary equipment use drawing voltage after business hours, you can be increasing your power bill...