INSURANCE: Alternative Insurance Paints a Pretty Picture

While they are known as some of the world's best artists, in their day, Impressionist painters such as Monet, Renoir and Degas were considered alternative. The word “alternative” often conjures up unconventional or bohemian images, but the “alternative” insurance market quickly is becoming mainstream for many businesses. The alternative insurance market provides a way to purchase policies bypassing established insurance companies. Alternative options include: self-insurance, captive insurance and insurance pools. With rising insurance costs, tighter underwriting and signs of a “hardening” insurance market, more businesses need to control insurance costs, including workers' compensation costs. The alternative market helps ...

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