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Brinson Benefits

Insurance, United States, Illinois, Chicago

Brinson Benefits is a leading insurance firm specializing in employee benefits and HR consulting, providing tailored solutions for businesses of all sizes.

About Brinson Benefits

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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, Illinois state
Official Website
http://www.brinsonbenefits.com
Location Address Official Phone Email
United States of America, Illinois state United States, Illinois, Chicago **** ****
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FAQs – Brinson Benefits

What are the limitations of weather-related agricultural insurance?

Limitations may include high premiums, basis risk (where payouts do not fully reflect actual losses), delays in claim settlements (for indemnity-based models), and coverage exclusions. Some farmers may also lack awareness or access to suitable insurance products, limiting participation.


Is collision insurance worth it for an older car?

It depends on the car’s value. If repair costs exceed the car's worth, it may not be cost-effective. Consider dropping coverage if the premiums are high relative to the vehicle's value.


Does the policyholder have to be the person who pays the premiums?

No, while the policyholder is responsible for ensuring premiums are paid, another person or entity, such as an employer, can cover the cost on their behalf.


How does flood insurance work?

Flood insurance is a separate policy that covers damage caused by flooding, including rising water, heavy rain, or storm surges. It is typically offered through the National Flood Insurance Program (NFIP) or private insurers, as standard home insurance excludes floods.


What was the first government intervention in life insurance?

Governments began regulating life insurance in the 19th century to protect policyholders from fraud and insolvency, leading to licensing requirements and reserve mandates.


What are the advantages of facultative reinsurance?

It allows insurers to selectively reinsure high-risk policies, gain flexibility, access specialized expertise, and manage risk exposure more effectively.


Can seasonal or part-time employees receive workers' compensation?

Yes, most states require businesses to provide workers' compensation coverage for part-time and seasonal employees. The coverage applies regardless of whether the employee works full-time or part-time hours.


How is surrender value calculated?

Surrender value is calculated based on the premiums paid, policy duration, accumulated bonuses, and deductions such as surrender charges or penalties imposed by the insurer.


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