Archives July 2018

Training as a Claims Adjuster

What are Claims Adjusters?

They investigate insurance claims by doing interviews with a claimant and any witnesses, consult hospital and police records, and inspect the property damage to make a determination of the extent of the company’s liability. “Property claims” involve damage to structures, and “liability claims” involve personal injuries or property damage from liability situations. An Independent Insurance Claims Adjuster calls and meets with the insured, assesses the damage, and then writes and submits an estimate to the insurance company.

What Skills are Needed?

They include an ability to understand insurance policies, being able to inspect a property and evaluate it, document it with photos, and then put the information onto a computer program with estimating software. Adjusters have both office and field work and sometimes are required to travel.

Training

Claims adjuster training in Denver CO is the answer to a company being able to supply a top-quality claims service to its clients. Certified and experienced instructors teaching in a comfortable classroom environment guide the students through the process of becoming successful independent licensed adjusters with an exciting career. Lessons include how to apply a streamlined process to handle small and large losses nationwide due to tornados, hurricanes, fire, ice, hail, and earthquakes.

An eight-day Training Package takes advantage of the teaching expert adjuster’s extensive career experience and knowledge while teacheing a high level of education, how to run the required computer program, and the skills needed to successfully complete the course. Taught is how to do a claim from beginning to end. The license, once obtained, includes estimating commercial and residential properties as well as marine, auto, fire and flood claims, and much more.

What are the licensing requirements?

To acquire an adjuster license, it means
a) completing the state’s exam, or
b) completing a certified pre-licensing course for insurance adjuster that includes 40 hours of study in-class and an approved daily exam.

Mile High Adjusters, LLC has a mission to provide the highest quality claims service as well as responses to and understanding of their clients’ needs. They offer the best possible support and strong relationships through the detailed training of their Mile High Adjusters Team, which specializes in the highest level of customer service and professionalism.…


Use One Source for All Notary Public Renewal Products

A notary public is an official designated by the state to verify the genuine quality of documents, identify those providing signatures, and witnesses the taking of an oath. It is a position of great legal importance and demands specific supplies and liability protection to get and maintain the ability to operate legally.

Notary Public Renewal Process

The great thing about getting a notary public renewal is that you have already been through the process at least one time previously. It can seem confusing the first time around. You need to find out what the specifics are if you are moving from another state and you have ever never worked in the capacity of a notary in the state of Florida. The requirements for Florida notary renewal can be different from other states.

Notary Journals and Seals

You are required to record every notarized document detail in an acceptable notary journal. The seal will have the unique designation for your state, your name, and notary identification number. You are required to keep the journal and seal locked up in most states to avoid fraudulent document notarization.

E&O Insurance Policies

An errors and omissions insurance policy will not only protect you in a case of making a mistake, but a blanket policy can cover other notaries at your company and protect the business from potential lawsuits. There is typically no deductibles and the premiums are quite affordable.

Surety Bonds

Surety bonds are required to reduce the risk of liability against dishonest business practices. You might be required to have a public official bond, ERISA bond or fidelity/employee dishonesty bond. You can secure your bond quickly.

Getting the necessary notary supplies, bonds, and insurance through one source makes the renewal process easier. It makes the process of renewal quicker and you are guaranteed to have everything you need for a speedy application approval.…


All About Micro Captive Insurance Companies

The legal definition of a micro captive insurance company is any captive insurance company which functions with a written premium of less than $2.2 million on an annual basis. This level was increased for the fiscal year 2017 by a House law, (H.R. 34) from an annual written premium of $1.2 million. It was also written into law that the written premium amount could be adjusted for inflation in future years.

Micro captives enjoy special tax benefits because of the way they are structured. For instance, any captive which can legally be determined to be a qualifying insurance company is only taxed on their investment income. To be a qualifying company, the micro captive must behave like a regularly functioning insurance company. This means that there needs to be a sufficient amount of risk-sharing and risk shifting and they must be regulated just like any other insurance company is.

Some things to remember when trying to start a captive is that in the first year, the company may have far less than the $2.2 million insurance premiums that are written. However, during the second year, the company may grow exponentially and thus become too large to any longer qualify for micro captive status.

Some people may think that micro captive insurance companies to perform wealth transfers or as a “magic bullet” acting in the form of a well-formed and legal tax-shelter. This is the furthest thing from the truth. In fact, micro captive insurance companies are under intense scrutiny and are regulated in a high manner just like any other financial institution. They need to be handled and run by professionals who know exactly what they are doing so that proper actions are taken and no laws are broken during the day to day running of operations.…