You can’t make money in business without taking some kind of risk but that doesn’t mean you shouldn’t mitigate that risk as much as possible. This is why captive insurance companies exist, to assess the risks versus the benefits for each organization being covered. A captive insurance company is one that is created by the owners of a company to protect their own assets, meaning it is essentially self-insurance where the owner of hte company and the insurer are the same person.
They aren’t the most popular form of insurance on the market, but they are used by just about every Fortune 500 company in the world and are increasingly being used by smaller companies as they realize the benefits of the coverage. This is one of the highest forms of risk management and it requires an extremely informed business owner in order to successful. Here are some of the most popular benefits of using captive insurance services.
The Benefits of Captive Insurance
- Profit from Underwriting – The underwriting profit from owning a captive don’t come in traditional profits, but actually from tax deductions from payments. The other benefit comes with the reduction in financial losses because the captive reduces the risk.
- Income from Investment – When you own a captive, you can earn money off of loses as well. There are two different ways to get returns. Some get a guaranteed rate and some take a little more risk to increase their ceiling through off-balance sheet risk.
- Control – It might seem a little weird to be discussing control when talking about an insurance company, but that is the exact purpose of forming a captive insurance company. It takes some of the power away from the traditional insurance market and puts it back into the hands of the homeowner. With traditional insurance, the premiums reset each year, but with captive insurance, the control of the owner increases as their assets gain more value.
- Tax Advantages – All insurance companies experience some kind of tax benefit, but captives do to a much higher degree and have a particular tax benefit that other companies don’t. The benefits are especially good compared to non-insurance companies. Captive insurance companies don’t really make money in the traditional way. Their value lies in their promise to pay for other’s losses, which cannot be taxed in the way that traditional income can.
In just about any type of operation, the question often arises regarding whether it is more feasible to repair or replace a piece of equipment that is no longer functioning as it should. You have probably faced this type of a decision at home too, whenever an appliance has quit working. The difference in a business setting is that you are usually talking about equipment that is much more expensive and delicate. In addition, time can be critical. Doing without that piece of equipment for very long can have devastating effects on the operation. This holds true in the medical field, just like it does for many others.
The first thing you are likely to consider when it comes to repairing or replacing an item is the cost. In most cases, a repair is more economical than a replacement. This is especially true if the item is not very old and has not been replaced by newer technologies. If you are looking for something like endoscope repair services, companies like Benjamin Biomedical can repair your equipment with quick turnaround times. This will typically save you a lot of money over the cost of a replacement. Getting it repaired within a couple of days and sent back to you means you will have it just as quick as if you purchased a new one.
Knowing that your medical equipment is not just an ordinary item, you will want to entrust the repair to someone who is reputable in the field and has a lot of experience. You should also make sure that the equipment they use to make the repair is compliant with the manufacturer’s specifications. When you get that unit back, you should be confident that it is as good as new.
Finding a repair company that uses sterilization testing is an important factor, since it will give you confidence that your equipment will stand up to all the demands that are placed on it during everyday use. You don’t to have an item repaired only to discover that it is still not adequate for the task at hand.
Developing a good working relationship with your repair company can result in reliable and important resources in your corner when you need them most. You can have the assurance that your equipment will be repaired correctly and returned to you in a timely manner.
The end is near for Pebble. The latest update to Pebble watches should extend their life a bit longer by removing the dependency on cloud servers. This allows the devices to work without the Pebble services that have up until now was required for many user interactions.
When Fitbit purchased Pebble in late 2016, uncertainty hung over the purchase. Would Fitbit keep supporting the device? Not really, it seems. Fitbit eventually stated that it would keep the lights on through 2017, maintaining the bevy of cloud services, developer tools and APIs used by the devices and owners. There’s no guarantee in 2018.
This most recent update seems to be Pebble prepping for the end. With the latest app users are now presented with an option to skip the login process if the authentication servers are unreachable. In that case apps and firmware could still be sideloaded. The team even added the ability to sideload a service configuration that changes the Pebble’s server connection to allow apps to update from 3rd party services.
The complete release notes can been seen here.
The iOS version is available for download from the App Store and Android users can sideload the app (download here) until it’s available in the Play store. This is likely one of the last major updates for the storied wearable maker.
He may have shared the world’s worst handshake with its Prime Minister, but President Trump is still big in Japan.
Starting in late March, a set of splashy ads depicting Trump appeared in train cars and metro stations around Tokyo. As a spokesman from Twitter Japan explained to TechCrunch, the Trump ads are one part of a new brand campaign that began on Monday, March 20 and is scheduled to run for two weeks. The campaign’s slogan is “#あなたの知らない今がある” which translates to “There is now you do not know” — one comprised of millions of tweets flashing by in realtime, presumably.
Trump might be the campaign’s most controversial topic, but the it spanned a number of topics beyond politics. The other sample themes include a social issues ad about Japanese nursery schools, an entertainment focused one depicting paparazzi, a sports ad featuring high school baseball and sumo, a food ad showing tamago-kake-gohan (egg on rice) and, naturally, one about cats.
Another Twitter spokesperson clarified that “This ad campaign is Japan-specific,” so don’t expect to see them creeping up in Trump-hostile train stations around New York or San Francisco. He added that the company ran another political ad campaign in the U.S. last October. That one included similarly stark photos of both presidential candidates, a raft of refugees, and a pot plant, among other symbols of domestic and international conversation.
At the time, Twitter explained the ad push on its blog. “Because Twitter is open, it’s the place for people to see and discuss the issues from every perspective,” Twitter’s global creative director wrote. “This campaign highlights the top issues being discussed on Twitter – it reflects different sides and doesn’t take sides.”