Tag

business insurance

May 23

Streamlining Risk Management with Parametric Insurance

By Business Insurance, Specialty Insurance
Parametric insurance is a unique form of coverage that provides protection based on pre-determined, measurable characteristics tied to a covered event. Understanding how parametric insurance works is essential for businesses looking to manage risk efficiently and cost-effectively. Unlike traditional commercial policies, parametric insurance pays out according to the intensity of the event itself, offering faster payouts and more flexibility. In this blog, we’ll explore how parametric insurance works, its key benefits, and additional considerations when selecting a policy. How Parametric Insurance Works Parametric insurance works differently from traditional commercial policies in that the reimbursement amount is based on the severity of a covered…
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Apr 11

Be Ready: Safeguard Your Business From Unexpected Disruptions

By Business Insurance
Business interruption occurs when a company is unable to operate due to a negative event, such as a fire or flood. These disruptions are among the most worrisome hazards in today’s unpredictable environment. Preventing business interruptions is essential to protect your operations and ensure long-term success. With careful planning, you can reduce risks and safeguard your business from unexpected disruptions.
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Jan 13

Overlapping Programs and Gaps in Coverage – A Kapnick Case Study

By Business Insurance, Case Studies, Employee Benefits
Managing multiple insurance brokerages can lead to overlapping programs, gaps in coverage, and inefficiencies. A commercial and residential property developer faced these challenges with separate brokers for Employee Benefits, Private Risk Management, and Property & Casualty insurance. Kapnick stepped in to provide integrated insurance solutions for developers, streamlining their coverage and delivering innovative remedies. PRIVATE RISK MANAGEMENT: STREAMLINING COVERAGE The developer’s private risk management program had inadequate liability limits, uninsured assets, and overlapping coverage. Kapnick’s Solution: Consolidated the insurance program to simplify billing and renewals. Broadened coverage by transitioning to a high-net-worth specialist insurer. Conducted replacement cost assessments and eliminated coverage…
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Mar 24

One Firm Solutions – A Kapnick Case Study

By Case Studies, Employee Benefits
At Kapnick, we pride ourselves on delivering exceptional service across all areas of insurance. This case study highlights how our Kapnick Business Insurance solutions helped a client save money, improve coverage, and receive the proactive care they deserved. THE PROBLEM One of our Employee Benefits clients was dissatisfied with their Business Insurance broker. They felt they were paying too much for too little coverage and weren’t receiving the same level of care they experienced with their Kapnick benefits team. THE SOLUTION Kapnick stepped in to help. We introduced the client to one of our Business Insurance experts, who listened to their concerns…
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