What You Need To Know About Captive Insurance

Captive insurance is the practice of a parent group, or groups, creating a private insurance company to cover the needs for itself and its subsidiaries. This type of insurance can offer many benefits and risks to the companies involved, so talking to a consultant to go over the specifics for your group can give you the best picture of your individual case. Many consultant companies in the captive insurance industry can also help you with the paperwork involved in creating and managing the captive as well as offer other benefits.

What You Need To Know About Captive Insurance

Benefits

One of the benefits you can get from captive insurance is that any dividends from a claim-free year can be put back into the group in the form of returns after retirement or dividends on a yearly basis. Other benefits include lower fees and coverage that better fits your needs. You can go over whether these benefits will work for your company type by talking to a captive insurance consulting firm and even get help setting up and managing the group captive.

Risks

One of the risks that you can take with captive insurance is that there will not be enough funds to pay a claim if the captive is small enough. This risk can be minimized by smaller companies or professional individuals, such as doctors or lawyers, band together with the help of a reinsurer. This can involve more fees to start up and can also involve more paperwork and more work for the reinsurer to manage the captive.

Working with a consulting firm for your captive insurance needs can help you get the right coverage for yourself, your company and your group. This consultant can go over the benefits and risks of this type of insurance as well as help you set it up and manage …

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Are You Dogfooding Your Own Marketing?

Dogfooding, or, “eating your own dog food” is typically what happens when a company uses the products that it makes. Dogfooding in the context of marketing and communications, especially insofar as social media is concerned, is when an organization takes the time to leverage new age marketing technology to develop community, drive awareness and enhance the culture of its own organization before, as I always say to my audiences, “inflicting new media on their customers”.

So what, you say? Well, you may already know that digital and emerging media is outsourced far less than any other type of marketing activity. The reason is that any social media effort needs to be piloted by a true steward of the brand. The steward is someone who gets the convergence of the personal nature of social media and the cultural imperative for organizations who decide to truly engage with their stakeholders. That steward, and not the outside expert, needs to be steeped in the dog food that the organization is going to be shoveling out…

By dogfooding your digital and integrated marketing efforts, you not only become familiar with the tools and technology, but realize the desired effect of becoming a more approachable and conversational culture that drives business growth in the age of conversational marketing.

One caveat: You’re not the audience. Always keep your customer in mind. Dismissing something prematurely because it doesn’t work for you internally could just be a case of dogfooding myopia!

Are you dogfooding your marketing? Even if social media or geo-marketing efforts or that cool app you want to develop are far off, you need to be acclimating your organization today to embrace the challenges of tomorrow.…

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What You Need to Know About Cash Advances

Have you ever been to a vendor that requires you to pay in cash, when all you have is a credit card? If you make a lot of purchases with your credit card, then you probably run into this scenario all of the time. Fortunately, there are alternative funding options for those who use credit cards. This alternative option is a cash advance.

What Is a Cash Advance?

Cash advances are simply short-term loans that you receive from your credit card company. You can use your credit card to withdraw money for purchases at an ATM. A cash advance Bordentown NJ banks provide offer you flexibility when it comes to your purchase. If you are someone who uses credit cards more often than cash, then you might find yourself in a dilemma if you frequent a store that requires cash.

What Are the Benefits of a Cash Advance?

There are a lot of different benefits from cash advances. The first is that you have access to money quickly and easily. If your credit card has a pin, then you can use an ATM to receive a lump sum of cash as soon as you need it. In addition, you are able to use the money however you want to. Whether you are purchasing necessities for your household or paying for an event, you can use the money in any way that you see fit.

A lot of people utilize credit cards more often than a debit card or cash. When you use predominately credit for all of your purchases, you may find that some places do not allow you to use credit cards. Some stores may take only cash and others ban credit entirely. In these situations, it helps to have a credit card that can offer a cash advance.…

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Read The Risks Involved While Driving A Car Which Has An Expired Policy Or Is Uninsured

As per the Motor Vehicles Act, 1988, it is mandatory for all motor vehicles plying on public roads in India to have a motor insurance cover. Still, the research suggests that as many as 60% of the vehicles on the roads do not have a valid insurance cover. Driving without an insurance policy can lead to many unfortunate consequences, including the ones listed below.

Read The Risks Involved While Driving A Car Which Has An Expired Policy Or Is Uninsured

Penalties and legal fines

As per the latest regulations, heavy fines have been proposed for driver caught without valid insurance under Schedule III of section 305 of the Motor Vehicles Act, 2016. These are:

Two-wheelers: Rs 10,000

Light motor vehicle and three wheelers: Rs 25,000

Other categories of motor vehicles (including cars): Rs 75,000

Other legal complications

Getting caught without a valid motor insurance policy on multiple occasions can lead to your driving lisence being suspended. The authorities could also suspend your vehicle registration. The enforcement agencies also have the right to seize your vehicle, and in extreme cases, an offender can be imprisoned by a court for up to 3 months.

Third party liability

If you are involved in an accident, other parties can sue you for damages that they sustain because of you. Typically, your insurer would handle any payments resulting from such incidents. But, if your vehicle is uninsured, you will have to bear the cost by yourself. Additionally, you will also have to arrange for any legal advice you may need. In case of accidental death of the other party, the compensation you have to pay may be much higher.

Damage to self

Your car may also suffer damage in an accident. If you do not have an insurance policy, you will have to bear all the repair costs yourself. Further the case of total loss or theft of the vehicle …

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How the Find the Perfect Mortgage Lender For You

How the Find the Perfect Mortgage Lender For You

If you are thinking about purchasing a home, one of the first steps is to get approved for a mortgage. There is a process that you should be taking here though as well. Not only do you want a good interest rate, you also want to work with a professional that is trustworthy and that can guide you through the entire process. Keep reading as we talk about how to find the perfect mortgage lender for you.

The first step is to have your credit score as high as possible before even seeing the mortgage or lender or speaking with them. This will allow you to bargain more with them because you have more power. This will also allow you to get a better rate as well as look like a more trustworthy adult that will pay them back in the future.

The next tip is to do your homework when it comes to getting a mortgage. What will you be able to negotiate? What will the entire process look like? By understanding more about it, you will be able not be walked over by any company and instead feel confident when speaking with potential mortgage lenders.

Next, you want to get preapproved for a mortgage. This will increase your chances of getting accepted later on and with the preapproval letter, you will be able to be taken more seriously by others.

How the Find the Perfect Mortgage Lender For You

It’s now time to compare rates of different Idaho banks. This will allow you to know who to speak with, who to avoid, and who to book an appointment with to speak further. If you are feeling unsure of how to find different mortgage lenders, you can jump online and do a search. You can also ask a friend who they used if you have any …

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