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Why a Risk Retention Group Could Help Your Interests

Why a Risk Retention Group Could Help Your Interests

All companies face liability issues. Therefore, business owners look for ways to reduce risks and control costs. In 1986, Congress gave companies a hand by passing a law approving a special type of insurance company focused on risk retention. Special Insurance Companies Risk-retention groups, or RRGs, are not required to have state licenses or follow state laws. These special insurance companies work with businesses or government agencies, who are members. All of the members in a specific group own that…

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