What kind of insurance do insurance companies need?
by Guest » Thu Sep 12, 2013 06:52 am
I want to found an insurance company of my own but I have no clue about what kind of insurance would it require. I did some research to get some ideas, but failed. Thank you!
Total Comments: 6
Posted: Sat Sep 14, 2013 01:43 am Post Subject:
I want to found an insurance company of my own
Depending on the type of insurance company you think you want to create, you probably don't even come close to being able to meet the legal requirements for capital, which can vary from a few hundred thousand dollars to several hundred million.
Posted: Wed Jun 04, 2014 08:36 am Post Subject:
There are different types of insurance that a insurance company can provide. When you are going to start a business you have a lot things to protect and a right insurance plan to continue with the business. There are some insurance plans like General liability insurance, property insurance, BOP, commercial auto insurance, professional liability insurance etc. You put all type insurance in your insurance company.
Posted: Wed Jun 04, 2014 05:19 pm Post Subject:
Sorry, but the post above has nothing to do with the original question of how to create an insurance company. The post above does not address this, and offers inadequate advice about other domains.
Posted: Thu Aug 14, 2014 11:01 am Post Subject:
There are different type of insurance companies available for various type of insurance. You can choose a company on the basis of insurance type you want.
Posted: Fri Sep 12, 2014 07:45 am Post Subject:
There are some tips for choosing the best insurance company:
Select that company, which provides you appropriate recommendations.
Provide you required products and prices.
Has a record of outstanding customer service.
Should have financial capacity to meet its financial obligations.
Posted: Fri Sep 12, 2014 03:02 pm Post Subject:
Should have financial capacity to meet its financial obligations.
Interesting choice of word "should". The insurance laws of every state are more explicit, and demand that insurance companies have 100% of the financial capacity to pay claims, pay debts, and pay current liabilities, as well as maintain the required amount of "paid-in capital".
Posted: Sat Sep 14, 2013 01:43 am Post Subject:
I want to found an insurance company of my own
Depending on the type of insurance company you think you want to create, you probably don't even come close to being able to meet the legal requirements for capital, which can vary from a few hundred thousand dollars to several hundred million.Posted: Wed Jun 04, 2014 08:36 am Post Subject:
There are different types of insurance that a insurance company can provide. When you are going to start a business you have a lot things to protect and a right insurance plan to continue with the business. There are some insurance plans like General liability insurance, property insurance, BOP, commercial auto insurance, professional liability insurance etc. You put all type insurance in your insurance company.
Posted: Wed Jun 04, 2014 05:19 pm Post Subject:
Sorry, but the post above has nothing to do with the original question of how to create an insurance company. The post above does not address this, and offers inadequate advice about other domains.
Posted: Thu Aug 14, 2014 11:01 am Post Subject:
There are different type of insurance companies available for various type of insurance. You can choose a company on the basis of insurance type you want.
Posted: Fri Sep 12, 2014 07:45 am Post Subject:
There are some tips for choosing the best insurance company:
Select that company, which provides you appropriate recommendations.
Provide you required products and prices.
Has a record of outstanding customer service.
Should have financial capacity to meet its financial obligations.
Posted: Fri Sep 12, 2014 03:02 pm Post Subject:
Should have financial capacity to meet its financial obligations.
Interesting choice of word "should". The insurance laws of every state are more explicit, and demand that insurance companies have 100% of the financial capacity to pay claims, pay debts, and pay current liabilities, as well as maintain the required amount of "paid-in capital".Add your comment