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

jdkleid@eliterisk.com

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

jdkleid@eliterisk.com

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

jdkleid@eliterisk.com