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Kapnick Insurance Group

UNLOCKING THE POTENTIAL OF ALTERNATIVE RISK FUNDING

By Business Insurance, Employee Benefits
In the complex arena of organization strategy, navigating through the myriad of risk management options is fundamental. Beyond the realm of conventional insurance lies a landscape rich with alternative risk funding solutions, designed to revolutionize not just the insurance industry but also the way organizations manage both commercial insurance and employee benefits. This brief guide illuminates the pathways through self-funded insurance, captives, risk retention groups (RRGs), and stop-loss policies, offering simple explanations on how each model could potentially to fortify your organization against uncertainties.   (more…)
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A Leader’s Guide to Cybersecurity Resilience

By Business Insurance
Cybersecurity has moved way beyond just being a trendy term; it's now a core part of keeping a business solid and successful in the tech-savvy world. With all kinds of online threats lurking around, having a forward-thinking security game plan is key not just for dodging cyber mishaps, but also for keeping your customers' trust and making sure your operations run smoothly. (more…)
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How to Deal with Rising Homeowners Insurance Rates

By Personal Insurance
Home insurance is a critical financial safety net, protecting one of your most valuable assets. But this essential service is becoming noticeably pricier. A recent report by Insurify indicated that Michigan is expected to experience the third-largest surge in homeowners insurance rates in the country in 2024 on a percentage basis, with an anticipated rise of 14%. There are numerous factors causing this uptick, but there are also ways to help you mitigate rising prices. Kapnick can help. (more…)
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Kapnick Welcomes New Commercial Insurance Client Executive, Justin Michalski

By Kapnick News
Kapnick Insurance welcomes industry veteran Justin Michalski as the new Client Executive on their team. Boasting 21 years of experience, Justin infuses Kapnick’s clientele with unmatched expertise and a dedication to service. His new role places him squarely within Kapnick’s respected trucking and transportation practice group, where he will tackle the many risks associated with commercial vehicle operations head-on. For Justin, joining Kapnick opens the door to new challenges and opportunities. “Kapnick's culture and innovative spirit resonate with my commitment to building enduring client relationships and delivering exceptional service. I am eager to guide our clients through the intricate insurance…
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Kapnick Insurance Announces Strategic Merger with Heidi Kussurelis Agency

By Kapnick News, Personal Insurance
Kapnick Insurance, a premier insurance provider renowned for its 75-year legacy of excellence, is proud to announce its strategic merger with the respected Heidi Kussurelis Agency (HKA). This unification marks a pivotal advancement in our mission to deliver top-tier personal insurance solutions and outstanding client service. "This acquisition represents a strategic step forward for both companies and aligns perfectly with our broader vision of delivering exceptional service and comprehensive solutions while remaining independent," states Jim Kapnick, Chief Executive Officer of Kapnick Insurance. Rooted deeply in community and shared values, both Kapnick Insurance and HKA reaffirm their allegiance to independent business…
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Announcing A New Addition to our Team, Bill Riegner

By Employee Benefits, Kapnick News
Kapnick Insurance is proud to welcome an esteemed new team member, Bill Riegner, as a Client Executive in their Employee Benefits division. Bringing a decade of industry expertise—including seven years as an Employee Benefits (EB) consultant focusing on middle-market organizations — Bill is set to bring the Kapnick experience and strategies to more organizations, with a keen focus on supporting their employees and dependents. Bill has forged a respected career by offering thoughtful and personalized benefits guidance. Known for his dedication to improving the benefits experience for members and implementing impactful financial solutions, he exemplifies the client-first ethos that stands…
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Kapnick Insurance Announces New EB Producer, George Spanopoulos

By Employee Benefits, Kapnick News
Kapnick Insurance, a leading name in bespoke insurance solutions with a reputation for stellar customer service, is excited to welcome George Spanopoulos on board as a new client executive for employee benefits. With a rich background as a financial advisor, specializing in municipal pension systems, and experiences spanning commercial and retail lending to entrepreneurship, George has consistently demonstrated a profound dedication to financial planning and asset allocation for business leaders. Holding a finance degree from Wayne State University, George is a lifelong learner, always aiming to leverage his deep industry knowledge for client benefit. "I’m beyond excited to join the…
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Understanding PEOs and Their Role in Funding Employee Benefits

By Employee Benefits
Professional Employer Organizations (PEOs) have emerged as a vital solution for businesses looking to streamline their employee benefits management. By partnering with a PEO, companies can effectively outsource the administration of employee benefits, payroll, workers' compensation, and other HR tasks. This co-employment model may allow businesses to offer a broader range of benefits, and possibly at a lower cost due to the PEO’s purchasing power. However, there are trade-offs that exist due the loss of some control. (more…)
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