Using Captive Insurance

Those who are buying captive insurance are using an alternative risk financing mechanism. In other words, they’re finding an alternative or different way of paying for their losses, different from the commercial programs that exist, for example, the high deductible program and the self-insurance programs.

You can set up a captive company as a sponsored rental or go for single parent. There are common principles that apply to all captive entities. An understanding of what those are helps you to make the distinction between the captive and its other alternatives.

Separate Entity

The risk will be financed by an entity that is formed and controlled separately. There are certain types of captives called reciprocals that are not actually incorporated. They are unincorporated associations, but the key point is they are separate companies with separate management. They are not just simply part of a large insured risk management department. Thus, there has to be a separation between the captive and its insurance.

Capital at Risk

The entity being used to finance the risks of its owners and users has risked its capital. If it doesn’t have capital at risk, it’s not an insurance company, and therefore you can’t ever claim that you need to be treated as an insurance company for accounting or tax or reasons. A company that offers captive insurance services needs its own capital at risk.

Sophisticated Insureds

Those purchasing the insurance or reinsurance provided through the captive program are going to be sophisticated insureds. What it means is quite similar to what it means within the investment world. In the investment world, there is a concept of there being sophisticated investors. It’s those individuals or those corporations that have sufficient net worth and resources internally to make decisions about buying an alternative risk financing program.

Without the elements above, you very likely could have simply a commercial insurance program or some form of self-insurance.

3 Tips for Spreading Company Cheer During the Holidays

The holidays are a busy time for most companies. There’s the rush to wrap up important projects before everyone leaves for time with family, the push to fulfill orders and make deliveries on time for the customers who rely on you to provide their holiday magic, and don’t forget about planning and organizing the office holiday party and any other arrangements for spreading the annual dose of celebratory cheer. This guide will help you get organized and pull together a plan for low-stress, no-hassle holiday preparations!

Give the Gift of Goodies

If you have important customers or other folks your company wants to send some holiday cheer to, then unique corporate gift baskets is a great solution. These assorted treats are sure to bring a smile to your valued clients, employees and business supporters, and ordering these beautiful baskets is quick and easy.

Host Holiday Hang Outs

Whether you have an official office holiday party or not, it’s always nice to provide informal opportunities for festivity. A cookie-bake off, carol karaoke excursion, white elephant gift exchange, or office decorating competition are all great ways to bring a spark of creativity and celebration to the office.

Keep it Casual

The trick is to keep these events light, fun and informal. You want to ease the stress of this busy time of year, not compound it by pressuring your peers into activities they may not have time for. The goal is to set a tone of joy and to provide opportunities for gathering and celebration. If you provide a casual environment for relaxation and festivity, your coworkers will appreciate the consideration and cheer. If, on the other hand, folks feel like their time, space and attention is being encroached on, your efforts will backfire.

Don’t let the time crunch of the holidays or the pressure to make things “perfect” keep you from enjoying this time and spreading the joy. Keeping your celebrations considerate, casual and cheery are the keys to a fun, festive, and no-fuss holiday season in the office.

San Francisco Banning E-Cig Sales

San Francisco is now listed as the 1st big city in the U.S. to prevent e-cig sales so that to stop teenage vaping. Are you an e-cig merchant looking for the best e-cig merchant account for your business? Do you want to know more about the topic? Well, you can find the information you need below.

E-Cig Sales & E-Cig Merchant Account

San Francisco’s Board of Supervisors has voted for prohibiting sellers from offering e-cigs in the city. Be aware this doesn’t refer to traditional cigarettes. The prohibition refers to brick-and-mortar shops, as well as to shipping over the internet to San Francisco. In fact, this was so unexpected that became a real hot-button topic internationally.

In 2018, according to the Federal Centers for Disease Control and Prevention, high school students were using vaporizers by 78% more than in the past, and middle school ones by 48.5% more. City Attorney Dennis Herrera notes that such decision can help keep San Francisco kids away from getting into the trap of nicotine.

Some professionals in the field note that e-cigs have made people in the U.S. smoke cigarettes less than in the past. The New England Journal of Medicine writes about the effectiveness of e-cigs, noting that they almost twice as effectively help smokers avoid taking therapies.

When it comes to e-cig business owners, it’s critical to work only with a true merchant services provider so to take your business to the next level without running into obstacles. A reputable payment processor can easily get you the most reliable and cheapest e-cig merchant account without any issues at all.

Really, if you want to figure out what’s the best for your e-cigarette business in today’s market, it’s too important to work with a true high risk funding specialist in your field.

San Francisco Banning E-Cig Sales

San Francisco is now a city prohibiting the sale of e-cigs. Beverley Hills made such decision earlier in June. However, one can still freely purchase traditional cigarettes and marijuana-related products in San Francisco.

E-cig companies, including famous Juul, can apply to the U.S. Food and Drug Administration (F.D.A.) to get their approval until 2022. As for the F.D.A., the administration issued a policy aiming to limit the sales of kid-attracting vaporizers to stores that don’t sell to children or are designed with sections only for adults.

When it comes to online sellers, they’ve to offer stricter age verification and curb bulk sales. Those who don’t act in accordance with the guidelines would be punished through F.D.A. enforcement actions: their products may be taken off the market.

To sum up, San Francisco has been listed as one of the 1st U.S. cities to ban e-cig sales. The city’s board of supervisors has unanimously voted for an ordinance, according to which, sales or distribution of e-cigs to a person in San Francisco shall be prohibited unless the F.D.A. has reviewed the product. As for e-cig merchants, take the time to find the right merchant account for your business.

Author Bio: Electronic payments expert Blair Thomas is the co-founder of high risk payment processing company eMerchantBroker that offers the most secure and cheapest e-cig merchant account in the industry. He’s just as passionate about his business as he is with traveling and spending time with his dog Cooper.