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Business Insurance

Sep 11

The Benefits Of Alternative Funding Strategies

By Business Insurance, Case Studies
Just as it’s important to consider various forms of funding alternatives for employee benefits programs, there are just as many reasons to consider alternate funding options in the business insurance sphere. Alternate funding  presents numerous advantages tailored to modern business needs, particularly in industries subject to frequent fluctuations and uncertainties. Here’s an overview of the key benefits: Cost Efficiency Significant Savings: Businesses can see savings ranging from 20% to 50%, as highlighted in our Kapnick case study. Optimized Premiums: By analyzing claims history and risk profiles, business owners can secure more favorable premium rates. Enhanced Control and Flexibility Customized Coverage:…
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Sep 11

Do you know what your experience mod will be?

By Business Insurance
Your experience modification rate is a critical factor that affects your workers' compensation insurance premiums. It reflects your company's claim history relative to other businesses in your industry. A mod rate of 1.0 is considered average; rates above this indicate a higher-than-average risk, leading to higher premiums, while rates below 1.0 can result in savings. Understanding and proactively managing your experience mod is essential for your company’s financial health. (more…)
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Sep 11

Why Kapnick for Towers?

By Business Insurance
In the competitive landscape of the insurance market, finding the right partner can transform your towing business. At Kapnick, we offer the perfect blend of extensive resources and personalized service. Here’s why partnering with us makes sense for business leaders like you: (more…)
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Sep 05

Expertise and Exclusivity through Kapnick’s Towing Practice

By Business Insurance
In the ever-evolving towing and transportation industry, having experienced professionals by your side can make all the difference. At Kapnick, we pride ourselves on our dedicated towing experts and robust practice group, designed specifically for business leaders like you. Here’s how we can benefit your operations: Expert Guidance: Our seasoned professionals bring years of industry experience, ensuring that you navigate challenges confidently and effectively. Tailored Solutions: We understand that every towing business is unique. That’s why we offer customized strategies to meet your specific needs and goals. Regulatory Compliance: Our team stays informed on the latest industry regulations, helping you…
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Aug 21

Regulatory Risks in Directors and Officers Insurance

By Business Insurance, Specialty Risk
Corporate regulatory risks can often be overlooked when discussing directors and officers (D&O) liability insurance. However, recognizing these risks is crucial for businesses, especially in today's complex regulatory environment. In this blog post, we will simplify the concept of corporate regulatory risks and highlight their significance for your organization. WHAT D&O INSURANCE COVERS First, let's briefly discuss what D&O insurance covers. This type of insurance protects directors and officers, as well as the company itself, from claims arising from their decisions or actions while carrying out their duties. It typically covers legal fees and settlements in lawsuits for wrongful acts…
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Jul 24

Navigating Complexities: How Kapnick’s Claims Management Experts Can Help You Secure the Coverage You Deserve

By Business Insurance, Risk Solutions
Losses happen even with the best risk management and safety programs in place, and the insurance claim process can often be lengthy and complicated. But with Kapnick's in-house claims experts, clients have a strong ally on their side. Watch this quick video by Amy DeKeyser, Kapnick's Senior Vice President of Risk Solutions or read on to learn more. (more…)
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