Whether you’re the head of a household or the head of a company, it’s essential—and legally required, in some cases—that you have insurance. It safeguards both your professional and personal interests from potential loss, damage, injury, misfortune, and uncertainty. It functions as a bulwark, providing safety and security against whatever life decides to throw your way.

At C3, we provide our clients with a range of product offerings that are meant to help them overcome their personal or business needs. Below, we’ll discuss which ones best match your unique situation! Keep reading to find out more.

Which of Our Product Offerings Best Matches Your Needs?

When you boil it down, insurance is all about loss mitigation. By investing a small amount of capital upfront you hedge against more serious financial tempests in the future. Such windfalls could be the difference between continued success and financial ruin; they could potentially save your business from the brink of bankruptcy or your house from forfeiture. Per Investopedia:

"Insurance policies are used to hedge against the risk of financial losses, both big and small, that may result from damage to the insured or her property, or from liability for damage or injury caused to a third party."

Although you may require both individual and business insurance and services, it’s helpful to break them down into separate categories, so we can delve into what makes C3 different from other insurance providers.

Personal Insurance Needs

There are several types of personal insurance you should strongly consider obtaining. Our team of private client advisors take the time to get to know you, your lifestyle, and budget. From there, they create strategic solutions to help get you the protection you need, all the while seeking avenues for coverage improvement/consolidation (as well as cost reduction). We focus on four things:

  • Cultivating a relationship with the client
  • Providing quality service overselling insurance
  • Creating transparency between C3 and the client
  • Finding risk management solutions

Business Insurance Needs

Does your business have an insurance policy? If not, you’re not an isolated case. In 2017, Insureon surveyed approximately 1,200 small business owners to delve into their bankruptcy history and insurance plans, and what they found was alarming. The small business blog writes:

"Only 28% of respondents have a business owner's policy, which bundles general liability insurance (slip-and-fall lawsuit protection) and commercial property insurance. Even fewer respondents reported carrying several other common small business insurance policies."

If you run a small business, you’re all too aware that you’re working with a limited supply of capital while juggling many larger needs. It’s easy to dismiss the importance of insurance, roll the dice and risk it all. This is folly. There are places where you should be taking risks in your business—your insurance policy isn’t one of those.

At C3, we work with businesses both big and small to help them understand the importance of business insurance and get them set up with the right policy with them. Our product offerings include:

Business Insurance

We provide businesses an umbrella coverage package that reduces exposure and liability. While some are required by law and others are optional, we tailor the policy to best fit your needs. Our commercial insurance package may include:

  • Worker’s compensation
  • General liability
  • Employment practice liability insurance
  • Errors & Omissions
  • Cyber liability
  • Social Engineering
  • Inland Marine
  • Umbrella/Excess
  • Cargo
  • Directors & Officers
  • Commercial property
  • Business auto
  • Garage liability
  • Accident participant

Complex Worker’s Compensation

One of our specialties is helping businesses manage their worker’s compensation, particularly with an eye towards pricing. Our program types include:

  • Traditional guaranteed cost
  • Large deductible
  • Captive
  • Self-insured

The C3 proprietary actuary service helps decrease the cost of any comp program. In addition, we seek cost savings by structuring the deductible policy with an eye towards collateral and effective management thereof. Our mission is to negotiate the best collateral position possible. We also provide a host of claims services including:

  • 24/7 nurse triage
  • In-house safety and health advocates
  • In-house claims advocates
  • Early resolution strategies
  • Choice counsel
  • AME/QME benefit analysis
  • Physician management
  • Subrogation and recovery
  • Lien defense

Employee Benefits

We utilize our services and cutting-edge tech to tailor an employee benefits strategy that reduces administration costs and helps you achieve compliance. The C3 team works with your business to fashion a benefits package that entices potential employees, satisfies current ones, but keeps your businesses’ needs mind.

Our compliance package will help you manage:

  • ACA Mandates, reporting, penalties, and tax
  • HIPAA privacy and security
  • COBRA Administration
  • ERISA requirements
  • Legislative updates
  • HR support services

Working With C3

This is but a brief overview of the various product offerings at C3. In order to see what services best match your business or personal needs, we’ll have to speak to you and hear your story, goals, and desires. We’re a relationships first business. Once that’s established, we can strategize, problem-solve, and work together to help prevent unexpected financial loss.

Sources

Investopedia. Insurance. https://www.investopedia.com/terms/i/insurance.asp 

Insureon. Majority of small businesses lack basic business bankruptcy protection. https://www.insureon.com/blog/small-business-bankruptcy-poll 

Business Insurance: The safety net your small business needs. https://www.forbes.com/sites/allbusiness/2018/12/06/business-insurance-safety-net-your-small-business-needs/#44c57a32319f