November 2021 Edition
hands_happy_tgives.jpg
What a crazy year it has been and it looks like there is more to come. From supply chain issues to businesses struggling to hyperinflation warnings. Business as we know it is changing and at a rapid pace. Are you protecting you, your company or your clients from these and other unforeseeable future risks?

Protecting businesses from certain types of enterprise risk and helping them control their insurance costs is what we do here at U.S. Captive Partners & Associates. I enjoy assisting in the formation and management of captive insurance companies for our clients and helping them keep more of their insurance money in their pocket.

As always, if you have any questions about implementing a Captive, call me directly or visit our Captive 101 section on our website by Clicking Here.

Sincerely,
Larry Papola
Lawrence J. Papola, Jr.
Principal
1-833-US-CAPTIVE
(1-833-872-2784)
Commercial Insurance Prices Increased 15 Percent in Third Quarter
Global commercial insurance prices increased 15 percent during the third quarter of 2021, according to the Global Insurance Market Index from Marsh.

The third-quarter increase was the same rate of increase as that recorded during this year's second quarter, Marsh said.
Captive Claim Highlight
Client Profile
Industry: Medical
Specialty: Pharmaceutical
Location: New Jersey
Claim Information
Description: One of our Insureds owns a chain of pharmacies. It was discovered via video surveillance that an employee was stealing products from one of the pharmacies. Through their Captive's Actual Net Loss Insurance Policy "Crime" coverage, our Insured was able to recover the net loss suffered as a result of the stolen goods as well as the legal fees incurred through the termination and prosecution of the employee.
Line of Coverage: Crime
This exposure was elected for coverage by the client under their Captive Policy. This resulted in a claim payment amount of approximately $130,000.
*Please note that each claim will undergo an independent investigation and thorough review process. Various components specific to the claim at hand will be assessed thoroughly to determine if the loss is covered by the policy.
Happening This Month in 2021
decorated_turkey.jpg
11/2: Election Day
11/7: Daylight Saving Time Ends
11/11: Veterans Day
11/13: World Kindness Day
11/25: Thanksgiving Day
11/26: Black Friday
11/27: Small Business Saturday
11/28: Hanukkah Begins
11/29: Cyber Monday
11/30: Giving Tuesday
11/30: Hurricane Season Ends
This Month is Observed as:

  • Nat'l Diabetes Month
  • Lung Cancer Awareness Month
  • Nat’l Adoption Month
Delaware Captives Line-Up Ready
Delaware Captive Insurance Association’s Fall Forum

Delaware Captive Insurance Association, Inc.
2021 Fall Forum
November 3-4, 2021

Hyatt Place Wilmington Riverfront
Wilmington, DE
Get Your Insurance Quotes From The:
Insurance Experts provides expert knowledge and assistance to individuals, families, and business owners who are making decisions about the proper insurance coverage for their needs. We’re here to help you cover losses you shouldn’t have to on your own.

Let our team of experts guide you through the daunting task of selecting the right insurance coverage for you or your business:
  • Life
  • Disability
  • Long-Term Care
  • Business
  • Personal
  • Captive
  • More...
48 South Service Road
Suite 400
Melville, NY 11747

Office: 1-833-US-CAPTIVE
     (1-833-872-2784)
Fax: 888-929-6565