Connecticut Business Insurance Solutions | Litchfield Insurance Group

More than Insurance

Our solutions reduce risk and result in productive employees who enjoy greater quality of life

Learn More

More than Insurance

Our solutions reduce risk and result in productive employees who enjoy greater quality of life

Learn More

More than Insurance

Our solutions reduce risk and result in productive employees who enjoy greater quality of life

Learn More

Our Blog

Monday, Aug 18, 2014
It costs roughly 35 cents of every premium dollar to run an insurance company. That’s overhead. It pays for underwriters, actuaries, lawyers, claims personnel, marketing staff, and so on. That leaves about 65 cents to pay the claims. Another way of looking at this model is to say that the good companies subsidize the bad. The insurance company takes the extra money businesses pay in for premiums...Read More
Monday, Aug 11, 2014
If your insurance premium is determined by market rates and other companies performance, you are using Subsidy Based Insurance. In this case, your unused claim dollars are given to underperforming companies which need to cover losses. If your insurance premium is determined by your own experience, and your unused claims are returned to you in the form of a dividend for example, you are...Read More