Is a Captive Insurance Company the Solution to Business Interruption?

RMC GroupCaptive Insurance

lawsuits against COVID 19

A restaurant in Washington, D.C. has joined the ranks of businesses suing their insurance company for coverage under a business interruption insurance policy as a result of the COVID-19 pandemic.  The suit claims that the restaurant was forced to close after Washington, D.C.’s mayor issued an order barring sit-down service, thereby limiting its business to take-out and delivery and eliminating … Read More

Group Captive Case Study

RMC GroupRisk Management

group captive

How a group of like-minded business owners in the same industry saved money on business insurance with a group captive. A group captive is a property and casualty insurance company owned by the members of a group.  It is often formed for a limited purpose and puts an emphasis on risk control and loss mitigation practices. Background A hardening insurance … Read More

Captive Insurance Covid-19 Claims

RMC GroupCaptive Insurance

captive insurance covid-19 claims

We have received a number of calls asking whether the economic disruption caused by the Covid-19 pandemic can be covered by a captive insurance company and how a captive should respond to the crisis. What is a coverage trigger? Insurance is the transfer of risk from a person or company, called the insured, to an insurance company in exchange for … Read More

Night Driving Dangers

RMC GroupPersonal Insurance

A little extra caution can go a long way while driving at night Summer has ended, and while fall and winter have their own pleasures — including cooler weather — longer nights mean increased danger on the roads. You might think you drive just as well at night, but consider this: Even though nighttime driving accounts for just 23% of … Read More

How the Risk Review Process Keeps Business Owners Protected

RMC GroupRisk Management

Any business owner will know the stress of finding the right insurance policy to protect against major risk events. After all, it’s hard to accurately diagnose the risk environment your company faces and anticipate what could go wrong. The difficulties of reading and understanding the fine print of insurance policies only add to the challenge of optimizing risk exposure to … Read More

Help Your Manufacturing Clients Understand Trade Tariffs

RMC GroupRisk Management

trade tariffs

  [Transcript] How do your manufacturing clients deal with tariffs and supply chain interruptions? Manufacturing businesses today are at risk because of the unpredictable geopolitical environment we find ourselves in. Even if your manufacturing clients don’t directly deal with these suppliers, their suppliers most likely do in this global economy. So what happens when the new tariffs are imposed? What … Read More