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Tag: Risks

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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High-Value Homes Require High-Value Insurance

High-Value Homes Require High-Value Insurance

While all homeowners know that they need insurance, they may not know how much insurance they need. If you own a high-value home or have a high net worth, your insurance options may differ from other people’s options. You may require high net worth homeowners coverage. Consider Your Coverage Is your current homeowners’ insurance enough? If you recently purchased a high-value home, do you think that standard homeowners’ insurance will be enough? Most standard policies cover the average cost and…

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