Category: Insights

How Risk Retention Groups Help Assisted Living Centers

Running an assisted living center undoubtedly comes with risks of all sorts. In that case, protection is vital to protect your business from substantial loss. If liability insurance is eating away at your cash flow, you may be exploring the possibility of some form of self-insurance. Risk retention groups are a way to up your liability  … Read more

What is Risk Retention?

Every successful risk management strategy should include insurance. The first thought is to incorporate traditional insurance in your plans, but not every business benefits from it. If more companies took a look into risk retention and its benefits, they would understand why it may be a more logical part of their business process. Risk Retention  … Read more

Risk Retention for Assisted Living

Traditional insurance policies are not appropriate for every situation, and one of the many alternatives is a risk retention group. Essentially, risk retention groups are insurance companies established by a group of businesses or other entities in the same industry, and their role is to provide liability coverage for the owners or institutions involved in  … Read more

Learn More About Venture Insurance Programs

Venture insurance programs are all different types of captive insurance. Essential with captive insurance, the insurance company is owned by the insured party. The insured invests money into the insurance company and may face losses, but the insured may also earn money from this innovative insurance structure. However, that is not the most important part  … Read more

Insurance Company Regulatory Compliance: What You Need to Know

The world of insurance company regulatory compliance can be complex and difficult to navigate. To make sure your insurance company stays compliant with relevant government and industry regulations, you need to stay on top of the ever-changing updates to the compliance environment and be prepared if you are ever faced with a regulatory audit. It  … Read more

Financial Risk Management and Cyber Crime: How to Protect Your Business

If you own a business, you need to spend some time focusing on financial risk management. Your business risks losing money through internal theft, chargebacks (when thieves use credit cards in your store and the card issuer refuses the charge), online scams, and countless other threats. Risk management involves assessing current threats and making a  … Read more

Using an RRG to Customize Your Captive Insurance Options

Some of the main reasons to opt for a captive insurance structure are flexibility and control. In some ways, a Risk Retention Group, or RRG, can take those elements to another level. There are some limitations to this structure as well, but if leveraged properly, RRGs can be utilized to as part of your captive  … Read more

Captive Insurance Structures: Protected Cell Captives

Traditional insurance — life, health or property — for your business is costly and can cause a significant drain on your resources. Costs continue to rise, causing complaints both from your employees and your leadership team. While this may be the way you’ve always done business, the good news is that you don’t have to continue  … Read more

What Are Risk Retention Groups?

To begin, let’s understand the history of Risk Retention Groups. The existence of RRGs was made possible by two pieces of Reagan-era legislation: first the Product Liability Risk Retention Act of 1981 and then the Liability Risk Retention Act of 1986 (LRRA). The LRRA expanded the original Act beyond products liability insurance, enabling RRGs to write commercial, errors  … Read more