article thumbnail

Captives: Is Company Size a Factor?

AssuredPartners

Insurance consumers, i.e., businesses, pay premiums in exchange for protection against risk. For insurance carriers to be competitive, premiums are assessed at a level that matches the determined risk. A basic principle of insurance is that premiums paid by many cover the losses of the few.

article thumbnail

Diving into PUNC - Usage Clause

AssuredPartners

The Usage Clause One of the least understood (and therefore most dangerous) clauses in an aviation insurance policy is the Approved Use clause. This provision spells out exactly what use [commercial or non-commercial] the insurance carrier has agreed to cover.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

PUNC - Usage Clause

AssuredPartners

The Usage Clause One of the least understood (and therefore most dangerous) clauses in an aviation insurance policy is the Approved Use clause. This provision spells out exactly what use [commercial or non-commercial] the insurance carrier has agreed to cover.

article thumbnail

Understanding the cost of employee benefits & what it means for your company

Genesis HR Solutions

Insurance types: Medical, dental, vision, disability, and life insurance plans. Tax-preferred plans: Health flexible spending accounts, health savings accounts, health reimbursement accounts, transportation accounts, and more. How much of an employee’s salary is made up of benefits. Common Employee Benefits.