Adam Perea, VP of Elite Risk Insurance, and Bruce discuss captives as an insurance strategy, highlighting the importance of proper structuring and understanding total cost of risk. They explore the complexities, benefits, and risks of captives, emphasizing the need for long-term commitment and comprehension of the involved complexities.

Jeff Kleid, Founder of VCL Risk, discusses the challenges brokers face in assessing clients for hybrid risk transfer and self-insured programs. He emphasizes the importance of understanding clients' needs and preferences, and highlights the unique approach of Elite Risk and Victoria Insurance in providing personalized solutions. Evaluating clients thoroughly and questioning their motivations is crucial. The impact of time differences on work and the importance of quick evaluations and finding the right fit are also discussed.

Discover how businesses can strategically take on shared risk alongside carriers for better protection and cost management. Explore insightful conversations and practical approaches to navigating complex risk landscapes.Jeff Kleid, FounderVCL Risk800-979-0176jdkleid@eliterisk.com

In this episode,  Bruce and Jeff  highlight the challenges of a hard market and  emphasize the increasing need for creativity in insurance, especially for regular consumers who are affected by the changing landscape. They also touch on InsureTech and how it's evolving to address consumer needs, using examples like cancellation insurance for events. Jeff explains the struggles InsureTech companies face in terms of obtaining insurance backing and how well-heeled investors and insurers are becoming more cautious in funding companies that aren't yet profitable. The conversation underscores the importance of finding a niche and staying in one's lane in the insurance industry.Jeff Kleid, FounderVCL Risk800-979-0176jdkleid@eliterisk.com

In this podcast episode, Adam Perea and Bruce Silverman discuss the challenges businesses face in the hardening insurance market and alternative risk solutions. They emphasize the need for businesses to balance coverage and costs while adapting to changing market conditions. The conversation highlights the importance of creativity and finding innovative solutions to help businesses stay ahead and manage their risks effectively.Jeff Kleid, FounderVCL Risk800-979-0176jdkleid@eliterisk.com

In this podcast episode, Adam Perea from Elite Risk Insurance discusses the topic of alternative risk for larger businesses and agency options. We talk about the challenges faced by larger businesses, such as capacity and availability of coverage, in an ever-shifting market, as well as  the concept of "putting skin in the game" where businesses take on a portion of the risk themselves, allowing for more control over their risk management and potentially lower costs. Learn about the importance of understanding a business's specific needs and goals when considering insurance options.Jeff Kleid, FounderVCL Risk800-979-0176jdkleid@eliterisk.com

Adam Perea, the VP of Elite Risk Insurance, discusses alternative risk options for small and midsize businesses. Alternative risk provides businesses with additional ways to manage their insurance and risk management programs beyond traditional carriers, offering more options and opportunities. Perea explains that the assessment of a business's needs involves in-depth discussions and data collection to identify pain points, goals, and objectives. The conversation also covers the significance of captive insurance and blended solutions, which allow businesses to have more control over their risk and potentially lower their overall cost of risk.Jeff Kleid, FounderVCL Risk800-979-0176jdkleid@eliterisk.com

Jeff Kleid, founder of Victoria Insurance, and Bruce Silverman discuss the impact of COVID-19 on businesses and how they've had to adapt. The pandemic has caused businesses to shut down and pivot in the way they operate. Jeff compares the need for businesses to adapt to pandemics to the need for businesses to adapt to climate change. He advises businesses to be prepared for future pandemics and suggests building protocols to help them pivot quickly in case of another outbreak. Jeff also mentions the importance of understanding the risks associated with pandemics and encourages businesses to stay vigilant.Jeff Kleid, FounderVCL Risk800-979-0176jdkleid@eliterisk.com

Climate Change is here to stay.  Bruce and Jeff discuss coverage and planning for the worst.Jeff Kleid, FounderVCL Risk800-979-0176jdkleid@eliterisk.com

Bruce and Jeff talk about the importance of cyber insurance. Jeff explains that cyber risk is a dangerous issue for businesses and individuals, as sensitive information is stored online and can be easily accessed. He notes that cyber insurance used to be a relatively inexpensive coverage but has tripled in price over the past few years due to increased demand. Jeff stresses that the inability to function if locked out of your business or losing all of a client's data are the real issues. He explains that cyber insurance is now considered a preventative insurance and recommends businesses and individuals take a preventative approach to cyber risk by investing in cyber insurance. Jeff also notes that former security personnel are now providing cyber insurance and are guaranteeing protection against hacks and breaches.Jeff Kleid, FounderVCL Risk800-979-0176jdkleid@eliterisk.com