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Garnet Captive Solutions

Insurance, United States, Florida, Miami

Innovative captive insurance solutions for risk management, reinsurance, and claims administration. Expertise in alternative risk financing sets us apart.

About Garnet Captive Solutions

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
United States of America, Florida state
Official Website
http://www.garnetcaptive.com
Location Address Official Phone Email
United States of America, Florida state United States, Florida, Miami **** ****
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FAQs – Garnet Captive Solutions

What does Workers' Compensation Insurance cover?

Workers' Compensation Insurance covers medical expenses, rehabilitation costs, lost wages, disability benefits, and death benefits for employees injured on the job. It also includes compensation for work-related illnesses and ongoing care in case of permanent disabilities. Coverage applies regardless of who is at fault for the injury.


How does RBC impact insurance pricing?

Higher RBC requirements may lead insurers to increase premiums to maintain profitability and solvency. Conversely, insurers with strong RBC positions may offer competitive pricing while ensuring financial security for policyholders.


How does riders or endorsements modify insurance coverage?

Riders or endorsements are policy add-ons that expand or customize coverage, such as adding earthquake protection, increasing limits, or covering unique risks.


Can I lower my insurance premium?

Yes, you can lower your insurance premium by increasing your deductible, bundling multiple policies, maintaining a good credit score, and taking advantage of available discounts. Shopping around and comparing quotes from different insurers can also help you find a policy with a lower premium while still providing adequate coverage.


How do I know which riders are right for me?

The right riders depend on your financial needs, health risks, lifestyle, and budget. Consulting with an insurance professional can help tailor coverage to your situation.


Does travel insurance cover prescription medications?

It covers prescription drugs if required due to an illness or injury during the trip, but pre-existing prescriptions may not be included.


Is term life insurance cheaper than whole life insurance?

Yes, term life insurance is generally more affordable than whole life insurance because it provides coverage for a limited time and does not accumulate cash value. Whole life insurance, on the other hand, offers lifelong coverage and a savings component, making it more expensive.


Can I have multiple insurance policies for the same risk?

Yes, individuals and businesses can have multiple policies covering the same risk, but insurers may coordinate benefits to prevent overpayment through primary and secondary coverage.


Comprehensive Market Research

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