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Friday, July 12, 2013

You can save and minimize your risk with low cost risk insurance!!

 
 
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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