Adam discusses the importance of involving key stakeholders in creating alternative risk programs. He emphasizes the need for collaboration between owners, CFOs, CPAs, risk managers, and attorneys to ensure a comprehensive risk management strategy. Adam highlights the challenges of aligning everyone, especially in companies with varied structures, and underscores the necessity of education and communication to address concerns and achieve successful implementation. 

Jeff Kleid, Founder

VCL Risk

800-979-0176

[email protected]

Bruce and Adam discuss the importance of thoroughly reading and understanding business insurance agreements, emphasizing that many people often skip this step, leading to potential legal issues. They highlight the need for trusted advisors to guide clients through the details of engagement letters and management agreements, ensuring clarity on terms and exit clauses before signing and stressing the value of asking questions and being well-informed to avoid future complications. 

Jeff Kleid, Founder

VCL Risk

800-979-0176

[email protected]

 Adam Perea, Vice President of Elite Risk Insurance, discusses the crucial factors in selecting a captive manager. Adam highlights the importance of understanding the manager's expertise, asking the right questions, and ensuring alignment with the business's goals. He covers key considerations such as price, location, domicile, and the types of captive programs available. Adam emphasizes the need for thorough research and due diligence to avoid limitations and ensure the chosen manager can meet all risk management needs effectively. 

Jeff Kleid, Founder

VCL Risk

800-979-0176

[email protected]

In this episode of "Managing Risk for Tomorrow Today" with Henry Laville, the focus is on mitigating risks in the trucking industry. Henry emphasizes the importance of hiring and retaining the best drivers, highlighting that competitive pay and a supportive work environment can reduce turnover and enhance safety. He also discusses the significance of safety programs, regular vehicle maintenance, and the use of technology such as cameras and GPS systems to prevent accidents and fraudulent claims. By implementing these strategies, trucking companies can protect their assets, improve their marketability to insurers, and ensure their drivers return home safely.

Jeff Kleid, Founder

VCL Risk

800-979-0176

[email protected]

In this podcast, Bruce and Henry discuss how franchise and association businesses can team up for better insurance deals. Joining forces helps them get customized coverage and lower premiums. 

Jeff Kleid, Founder

VCL Risk

800-979-0176

[email protected]

In this podcast, Bruce Silverman and Henry Laville discuss challenges faced by businesses in industries like concrete pumping and waste management, known as the "créme of the crap," and Henry offers creative solutions and a unique model to address insurance challenges for these high-risk operations, emphasizing the importance of hiring quality drivers.

Jeff Kleid, Founder

VCL Risk

800-979-0176

[email protected]

 In this episode, Henry and Bruce discuss managing risks in a tough market, with options like risk retention groups offering significant cost savings for struggling businesses, and the importance of tailoring solutions to each client's unique needs.

Jeff Kleid, Founder

VCL Risk

800-979-0176

[email protected]

In this episode, Henry and Bruce discuss hardening the excess liability market and how it can be a significant issue for business owners.

Jeff Kleid, Founder

VCL Risk

800-979-0176

[email protected]

In this podcast episode, Adam Perea, VP of Elite Risk Insurance, discusses relationships, partners, and clients in the insurance industry. The episode underscores Elite Risk's ability to serve all three categories. Open communication is key, and they evaluate and provide solutions for diverse insurance needs. The host, Bruce Silverman, appreciates Elite Risk's expertise.

Jeff Kleid, Founder

VCL Risk

800-979-0176

[email protected]

In this episode of "Managing Risk Tomorrow," Bruce and Adam discuss the challenges and changes in the insurance industry. They delve into the concept of "bandaids" as temporary solutions for insurance challenges, particularly in a hardening market. They explore how businesses can navigate rising insurance costs and find creative solutions to meet their coverage needs.

Jeff Kleid, Founder

VCL Risk

800-979-0176

[email protected]