Ask me for a referral to a great person!!
YOU CAN SAVE BIG BY INVESTING A VERY LITTLE INTO RISK INSURANCE!!
Risk Management Benefits and Value
COST SAVINGS with advantages
• Credit report costs
– Information vs. a decision from a risk underwriter-puts their money where their mouth is!
• Collection agency cost
– 30 to 50% of collections; Carriers charge 15 to 20% and will reimburse in some cases depending on the carrier
• Insurance expense 100% tax deduction vs. bad debt reserve
– 20K policy for a business paying 40% in taxes is actually onlypaying 12K for the policy
• Litigation
– Now you have a billion dollar carrier with many attorneys representing you
• Reserve for Bad Debt
– Reduce your reserve which isn't tax deductible
– Increase income by the reduction
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