ABC's of Captives: (A)ssessment
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ABC's of Captives: (A)ssessment
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About this listen
In this episode of Captive Talks, we are starting our series of the ABC's of Captives.
Here, we focus on the letter A and what an (A)ssessment entails within captives.
Assessments happen when your claims frequency is more than expected and your frequency fund is 100% depleted inside your captive loss funds.
Furthermore, assessments are limited, and you will always know your expected maximum amount upfront. This in turn gives you your maximum cost for insurance.
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In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.