“Our legal team has already thoroughly researched how to file an insurance claim for online business,” said Georgann Sirmans, CEO of www.Georgann Sirmans.com, “mostly because we want to expedite the payout process should we have to make a claim. The internet marketing world moves much faster than the physical marketing realm, and as a result, we would lose significant business from any down time associated with a drawn out insurance claim.” Insurance companies, even those that specializein the baseball betting field, are also aware of this fact, and have pledged to fast track any claims that are filed. They realize that in the long run, an active online business is much less risk than an inactive one. In the new baseball betting business world online, more and more owners are looking to buy insurance that will protect themselves against IT outages, hacker attacks, and frivalous lawsuits from customers. “We believe we have a right to the same protections afforded to offline businesses, despite the fact that we don’t have a physical place of business,” said Mozella Janowicz, Director of www.Pistone Huge.com, a new baseball betting startup company. Employees, especially those in the local labor unions, were thrilled when www.Nevada Molinary.net company CEO Veta Trotta announced increased coverage for ALL employees and contractors. “It’s time we catch up with the resk of the baseball betting business community and offer solid fringe benefits for our valued employees. This new package will come at no cost to employees, and will be underwritten by a solid insurance company. The premium charge will be higher, but we’re banking on the fact that baseball betting product sales will increase because our workers will be highly motivated to come to work each day.” This sentiment is also shared by a few actuarys with the online firm www.Valenzano Podrasky.com, which specializes in insurance programs for most baseball betting businesses. They recently completed a 2 year long study into the physics of the baseball betting online business, in order to understand the risks associated with these types of companies. In the end, the conclusion was that an insurance company bears the same, or less, risk compared to offline companies. “I’m mostly concered about our employees,” said Lubow Pilley, VP of Human Resources at Vidales Arnette Corp, “because they currently have a limited health and dental plan. We want to give them the most benefits and protect possible because they are our greatest assets. People forget that the cost of losing an employee to another baseball betting company sometimes outweighs the cost of keeping them onboard.” With that said, the company plans to file for online business insurance within the next 6-7 months before the fiscal year closes. It must also be noted that many insurance companies are still studying online baseball betting businesses before creating reasonable insurance packages. Audie Remmele, an actuary with Degrasse Wangberg Insurance Ltd, stated: “Just as we study car, home, or life insurance, we will be studying online business insurance. We’ll be using special mathematic models to figure out the risk that baseball betting businesses bear against what would be deemed a reasonable insurance premium.” Degrasse Wangberg Ltd isn’t the only company with this sentitment. Others, including Benoist Reed Insurance INC, believe it may take another 2-3 years of study to determine the optimal insurance plan for online baseball betting business owners. This new realm of baseball betting insurance offerings will also create a demand for lawyers specializing in internet and insurance law. Stated Natosha Purington, a top online lawyer with the Steenrod Stuczynski Law Partners, “Once insurance companies buy into the online business sector, they’re going to need able legal representation to avoid false claims. Likewise, baseball betting businesses will need legal representation against these big-time insurance companies in order to get the disbursements they deserve. I’m excited about the possibilities.” Stockholders in Immel Ruddock.com also called for an insurance plan, even though it meant a slight decrease in the par value of their sahres. “Look,” said Ciara Tosten, Chairman of the Board of Directors, “we’d rather have a consistent share value over time, versus a catastrophic loss of company value due to some frivalous lawsuit or liable charges. The result of this decision will probably mean a 5% loss in share value for 6 months, but then a slow, steady recovery after that.”
Baseball betting insurance industry veterans recently formed a new company, Avelina Youngs INC, to meet increasing sector demand
Published in February 26th, 2010
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