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December 2024 Edition

As we wrap up the year, we want to take a moment to thank all of our advisors, partners, and clients for being a part of our success and share our deepest gratitude.


Looking back on 2024, we can honestly say that both our clients and the captive insurance industry are having a fantastic year. However, keep in mind that December 18th is this year's application deadline!


All of us here at US Captive Partners & Associates wish you a

Happy Hanukkah, Merry Christmas and Happy New Year!


Sincerely,
Larry Papola
Lawrence J. Papola, Jr.
President
1-833-US-CAPTIVE
(1-833-872-2784)
 
 

TIME'S UP!

Have You Talked to

U.S. Captive Yet?

 

DOWN TO THE FINAL DAYS,

Now is the Time to Act!

  

Application Submittals are Open Through 

December 18th, 2024

(For new placements and renewals through January 1, 2025).

 

With 2024 tracking to be one of U.S. Captive Partners & Associates busiest years yet, advance planning is critical.

 

Now is the time to speak with a U.S. Captive Management Consultant about your client’s insurance needs and risk management profile.  

 

Call Us Today At:

1-833-US-CAPTIVE

(1-833-872-2784)
 
 
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Captive Education

Conferences & Webinars

Check out the Captive

Calendar of Events
 
Events & Webinars
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Franchisors Supersize Cost Savings

with Captive Insurance
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Today's franchise operators are struggling for survival like never before. With a competitive landscape with a constant stream of new players, pressure to add trendy menu items, gaps in the supply chain, and the tightest labor market in decades, franchises are beyond eager for help.


Consider how your favorite franchise location might appear from an insurer's perspective: high employee turnover, low-skill workers operating fryers, increased risks of slips and falls, and the constant need to adhere to food safety regulations. The lobby often features kiosks for ordering and self-service beverage centers where spills are...
Keep Reading
 
 


Missouri Department of Commerce

and Insurance

Why say, "Show-Me Missouri" before you domicile?

  • Devoted team with experience in protecting captive success
  • Laws and regulations that encourage captive growth
  • And most importantly, you're not just a number on a spreadsheet. Your business is personal to us, and you'll know the person who answers the phone is here to help YOU.
Show Me Missouri
 
 
 

Captive Claim Highlight

Client Profile

Industry: Construction
Specialty: Large Commercial Contractor
Location: Tennessee

Claim Information

Description:   One of our Insureds had a contract with a customer to perform construction services, which also involved several subcontractors. The customer, a hotel, alleged several defects in workmanship and services deemed to be defective under the contract. As a result of the defects in workmanship, the hotel asserted that they were unable to open on time and consequently lost revenue. In turn, they withheld funds from the Insured. Despite involving an attorney and protecting their interests, the Insured was unable to collect the withheld funds. Through their Captive's Actual Net Loss Insurance Policy "Contractual Liability" coverage, they were able to recover the amount which was withheld under the contract.
Line of Coverage:  Contractual Liability

This exposure was elected for coverage by the client under their Captive Policy. This resulted in a claim payment amount of approximately $200,000.
*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:


12/4: National Cookie Day

12/7: Pearl Harbor Remembrance

12/13: National Day of the Horse

12/13: National Cocoa Day

12/21: Winter Solstice

12/25: Christmas

12/25: Hanukkah Begins

12/31: New Year’s Eve


 

Why Form a Captive?
 

There are numerous potential advantages to forming a captive insurance company. Captive insurance companies are formed for both economic and risk management purposes. By forming a captive insurance company, a business can dramatically lower insurance costs in comparison to premiums paid to a conventional property and casualty insurance company.
Captives 101
 
 

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...
Ask The Expert!
 
 

48 South Service Road

Suite 400

Melville, NY 11747


Office: 1-833-US-CAPTIVE

     (1-833-872-2784)

Fax: 1-888-929-6565

 

www.US-Captive.com

Copyright © 2024. All Rights Reserved.

U.S. Captive Partners & Associates | 48 South Service Road Suite 400 | Melville, NY 11747 US

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