Understanding a Single Parent Captive

When organizations and corporations look for insurance alternatives and ways to manage their corporate risk they oftentimes turn to insurance captives.

When it comes to insurance captives available to businesses, the single parent captive (or pure captive) is the most simple. When one organization or company owns, controls and manages a captive it is considered a single-parent captive. These single-parent captives are formed to insure the company and its subsidiaries. Companies choose to utilize single-parent captives because they can help regulate insurance costs with more consistent and stable pricing from year to year. Organizations are drawn to captives because they offer flexibility. The owners maintain control of coverage, limits and providers as well as other operational aspects.

Industry experts like Caitlin Morgan cite single-parent captives as the most popular type of captive in the market today. Single-parent captives have been around for decades and continue to provide the lower costs and improved cash flow companies are looking for. There are numerous benefits to taking advantage of insurance captives but there are things to consider, too. Make sure you partner with an industry expert before you make your decisions. A little proactive research on your part can ensure you choose the right insurance coverage for your organization.

Do You Need a Full-Time Insurance Marketer?

Running an insurance agency requires you to take on several full-time jobs. From keeping your employees on track to communicating with your clients, you are responsible for smooth operation from start to finish. Of course, this means you often have little time for marketing your agency. The professionals at Agency Tsunami recommend hiring quality insurance marketing firms to assist you along the way.

Knowing When You’re Ready

Not all insurance agencies require a marketer, so decide if you’re truly ready before taking on the extra expense. If you’re having trouble keeping up with your current marketing plans, it’s a good indicator that you need to hire help. Other signs include knowing you have the finances to handle a marketing-related bill without overextending your budget, having goals for growing your agency, and knowing exactly what you need a marketer to do.

Choosing the Right Marketer

Once you know you’re ready to hire an insurance marketing firm, you need to know how to find the right one. Typically, marketers fall into two categories: generalists and specialists. Generalists have a wider range of experience that makes them more creative and flexible. However, specialists are better at focusing on a specific industry or type of marketing. Decide what you want from your marketer before determining which type will help you best meet your needs.

Remember to seek licensed and experienced marketers when hiring someone to help you grow your insurance agency. Don’t be afraid to ask for and verify references to make sure you’re getting the best for your budget.

Insurance Keeps Jet Ski Rental Companies Afloat

Whether your recreational marine company rents jet skis, Sea-Doos or WaveRunners, you need insurance to cover the associated risks. Marine insurance providers offer jet ski rental insurance programs to a diversity of rental outfitters, from marinas to resorts. As reported on https://www.merrimacins.com, the following types of insurance coverage are critical.

General Liability Insurance

General liability gives your business insurance coverage for the commonplace industry risks associated with jet ski rental. For example, in a wet environment such as a dock or marina, customers’ trips and falls are legitimate risks. A customer may slip on pavement or misstep when getting on or off a personal watercraft.

Hull Insurance

As you might imagine, damage to a jet ski or sea-doo is a regular risk in the personal watercraft rental industry. Whether a collision or stationary accident damages the body or mechanical system of the watercraft, hull insurance will cover your investment.

Watercraft Insurance

Watercraft insurance covers property or personal damage while one of your customers is operating one of your rental machines. From a damaged pier pylon to a customer’s spill that requires medical attention, watercraft insurance provides the coverage necessary to keep your business afloat.

If you want to learn more about jet ski rental insurance, contact an experienced marine insurance provider. A specialist can assist you in determining the program or products that meet your needs.

Considerations for Cleaning Services

Considerations for Cleaning Services

When schedules are cramped, or space needs special attention, cleaning services are a popular choice for many residences or businesses. Though basic housekeeping may be manageable for the average person, this might not be an option for those pressed for time or needing the job done on an expert level. Because of this, professional cleaning services are often sought after. However, like all businesses, all cleaning services are not equal. If you currently have or are considering running your own, it is important to stand out from the competition and protect your assets with cleaning service insurance.

Types of Jobs

While you may have control of the type of jobs you want to take on, it is helpful to understand the market and the potential clients that may require your services. Cleaning services are often tasked with the following responsibilities:

Everyday housekeeping
Deep cleaning on a weekly or monthly basis
Preparing areas for inspection
Using specialized equipment to perform tasks


The cleaning industry needs coverage like other businesses but getting a plan that’s tailor-made can be very useful. Specialized cleaning service insurance can help ensure that the unique exposures that those in this business face are covered in case there are any damages, equipment failure or other risks while on the job. Before even accepting clients, it is advised to make sure to establish this coverage.

3 Things You Should Know About Tail Insurance

Every lawyer, doctor and nurse knows a little something about professional liability tail coverage. But no one knows everything about this smart policy that protects professionals from potential lawsuits even after their original liability coverage expires. Here are X things everyone should know.

Is It Really Called Tail Insurance?

Many medical and legal professionals may not recognize tail insurance by its technical name, so if you encounter an Extended Reporting Period policy, know that you’re talking about tail coverage. Though it is often called an insurance product or policy, it is actually an endorsement tacked on to the end of a malpractice policy, hence the nickname. An endorsement is an addition to an existing insurance contract.

How Long Does Tail Coverage Last?

The length of protection provided by tail coverage can vary. Typical endorsement lengths are two, three, five and 10 years. It is possible to get perpetual coverage, as well, protecting a policyholder indefinitely.

How Much Does Tail Coverage Cost?

Tail coverage can be expensive. Typical costs range from 150 percent to 300 percent of the underlying premium. Each insurance company determines rates differently, so to get the best idea of what it could cost, consult with the malpractice insurance company. Note that many standard malpractice insurance policies include a free tail for disability, death and retirement.

Top Alternative Treatments for Alzheimer’s Disease

Top Alternative Treatments for Alzheimer’s Disease

While there is no cure of Alzheimer’s treatment, there are varieties of treatments that can help make a patient’s life more comfortable and help with prolonged health. Along with traditional medicine, there are a number of alternative treatments.

Omega-3 Fatty Acids

This polyunsaturated fatty acid is crucial for brain health. Omega-3s help with brain health and heart health, preventing heart disease and stroke. Your brain contains DHA, which surrounds nerve cells. Consuming foods high in Omega-3s may help treat Alzheimer’s or protect against cognitive loss.

Cannabis Oil

Cannabis oil can assist in managing some of the behavioral symptoms of dementia. For instance, agitation and aggression might be eased when it comes to using cannabis oil. THC invokes feelings of relaxation and sociability.

Ginkgo Biloba

This plant extract contains several compounds that have positive effects on the brain and body. It’s an antioxidant with anti-inflammatory properties. Many take it as a way to try to protect cell membranes and regulate the neurotransmitter function.

There are no cures to Alzheimer’s disease. Most Alzheimer’s treatment options focus on managing the symptoms and preventing loss of cognitive function for as long as possible. Some alternative medicines can help patients live a better quality of life. Some of these alternatives are omega-3 fatty acids, cannabis oil and Ginkgo Biloba.

Three Easy Insurance Coverages For New Business Owners

As a business owner, you have a lot on your plate. As a result, you don’t have time to sift through various business insurance coverage options to find the right one for you. Rather than figuring out which business insurance options best fit your needs, work with an experienced agent who can help you create a policy that’s perfect for you. In the meantime, here are three simple coverages that you should expect to see in your policy.

General Liability Insurance

General liability insurance covers you in case a third party sustains an injury or property damage on your premises. Slip and fall accidents are examples of incidents that are covered by general liability insurance.

Professional Liability Insurance

Professional liability insurance covers you in case a third party claims that an error or omission on your part led to them experiencing a loss. In the medical industry, this is also known as malpractice insurance.

Property Insurance

Property insurance covers your business property including your building, equipment, furniture and electronic data. If your covered items become damaged or lost because of a fire, storm, vandalism or theft, your policy will cover the cost to replace or repair your items.

There are other insurance options that you can take advantage of depending on your industry. Agents who are well-versed in New Mexico business insurance can help simplify the process for you.

How To Choose The Right Construction Insurance Company

The construction business experiences ups and downs, changes in projects and a wide range of employee types. How to find the best construction insurance in New Jersey can be a challenge. Use these tips to find the right agency for your business.

Policy Price

Some insurance providers offer exceptionally low costs, but the real question is what are you sacrificing. A cheap policy may not offer the protections your project or construction business needs. Inadequate coverage can cost you more in the long run.

Construction Specialist

An easy way to make sure you have adequate coverage is by using an insurance provider who specializes in your industry. An agent or broker not versed in the construction industry doesn’t understand all the risks your business faces.

Professional Trust

Sometimes it comes down to your gut instincts. An insurance provider that shoots straight, delivers what they promise, has a good reputation and answers your questions in a timely fashion may be the perfect fit. Don’t settle for an agent or agency you don’t trust.

These tips on how to find the best construction insurance in New Jersey can help you narrow down your options. Ask questions to make sure you have all the coverage you need at the best prices available. The agent may also offer tips on how to save additional money.

How to Handle Copyright Infringement with Errors and Omissions Coverage

Copyright infringement can occur in any industry. Even if the individual responsible for the infringement has never seen or heard what they copied, it can still be a legal issue. Here’s how errors and omissions insurance in NJ can protect against further problems for the company and everyone involved.

Insurance Can Protect From the Day It Occurred

It’s important to have insurance that protects the company from the supposed issue starting on the day it occurred. By getting coverage right away before anything happens, there’s no need to worry about backdating the insurance or paying a certain amount out of pocket. Although some business owners might consider it an additional expense, it’s better to be safe than sorry.

The Amount of Protection Can Be Customized

Different industries require more protection than others. Those that involve creative arts such as writing, drawing, or even coding can put themselves in greater danger of infringement issues. Choosing a higher amount of coverage for errors and omissions offers greater protection. Those that are not as at-risk can pick a lower amount that better suits their needs.

Errors and omissions insurance in NJ can protect a variety of businesses in different industries from experiencing problems related to accidental copyright infringement. Having this on hand can prevent a company from losing money or going out of business, all over a simple accident.

3 Things Affecting Manufacturing Companies in 2019

The manufacturing sector has been a news maker in the past few years. With the changing trends, NJ manufacturers ins help your company handle the ups and downs of the manufacturing industry. Keep an eye on these trends for 2019.


Cyber criminals get more creative the more technology advances. With the number of breaches in recent years, it is important for manufacturing firms to have a strong security system on their technology. A cybersecurity insurance policy can help mitigate the damages caused if a breach does happen.


Manufacturing jobs have made headlines in recent years with companies moving in, moving out and labor shortages. Automation cannot fill all the gaps left by an aging workforce. Once you find the right skilled laborers for your jobs, keep them with training programs, workers compensation insurance and other benefits.


Automation helps streamline processes or handle mundane tasks at a faster pace. Technology is constantly changing leaving some behind in the process. Stay on top of the latest research and devices by lowering your insurance rates with quality safety procedures.

The manufacturing industry is in a state of flux, but your business doesn’t have to be. Keeping an eye on these trends affecting manufacturing can keep your business moving forward. NJ manufacturers ins help you plan for the unexpected, so you can focus on what your business needs to grow and expand.