Search found 4 matches

by Norm
Tue Mar 22, 2005 4:57 pm
Forum: Opinions
Topic: Captives
Replies: 5
Views: 5970

IinusreU, Setting up a captive can be a good idea. Having 50 accounts to start with is good. There are some other things that you will need, however, such as: 1. What are the loss ratios on these accounts? 2. What state(s) are the restaurants in? Depending on the state, you may be able to setup a ca...
by Norm
Tue Jun 29, 2004 10:07 am
Forum: Opinions
Topic: Agency Startup
Replies: 6
Views: 7613

mls, Using your home office will be great from a tax standpoint. You will be able to get a deduction on your tax return for things such as utilities, rent/mortgage, repairs and maintanence, insurance, etc. However, you will need to keep good records. As for the trust account, I would suggest using a...
by Norm
Wed Jun 23, 2004 11:21 am
Forum: Opinions
Topic: Agency Startup
Replies: 6
Views: 7613

MLS,

In order to determine costs, you will need to determine the structure of producer compensation, rent, utilities, accounting system, etc.

The initial amount should be fairly low.

Are you planning on being the sole employee or will there be others?
by Norm
Wed Jun 23, 2004 11:14 am
Forum: Hard-to-Place Accounts
Topic: Workers Compensation Market
Replies: 3
Views: 3463

Brooke,

Are you trying to find a new WC insurer or are you already an insurer and trying to bring the administration in house?

Norman