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Sentinel Risk Advisors

Insurance, United States, North Carolina, Raleigh

Innovative insurance solutions for businesses, specializing in risk management, employee benefits, and cybersecurity to protect your assets and bottom line.

About Sentinel Risk Advisors

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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, North Carolina state
Official Website
http://www.sentinelra.com
Location Address Official Phone Email
United States of America, North Carolina state United States, North Carolina, Raleigh **** ****
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FAQs – Sentinel Risk Advisors

What is the role of licensing in insurance regulation?

Licensing ensures only financially stable and ethical companies operate in the market. Authorities verify an insurer’s financial health, management qualifications, and business practices before issuing a license. Renewals and ongoing compliance checks ensure continued adherence to regulations.


What is Protection and Indemnity (P&I) Insurance?

P&I Insurance is a type of Marine Liability Insurance that covers third-party liabilities, including damage to property, injury to crew or passengers, and environmental damage caused by the insured vessel.


What happens if I drive without liability insurance?

Driving without liability insurance can result in fines, license suspension, vehicle impoundment, and financial responsibility for all accident costs.


What happens if an insurer underestimates reserves?

If an insurer underestimates reserves, it may face financial difficulties in paying claims, potentially leading to insolvency. Underestimation can also result in regulatory penalties and loss of consumer trust.


How do consumer protection laws prevent unfair claim denials?

Laws require insurers to process claims fairly, provide reasons for denials, allow appeals, and ensure that policyholders are not unjustly denied benefits based on technicalities or bad faith practices.


Does the SOA offer scholarships or financial aid?

Yes, the SOA provides scholarships and grants to actuarial students to support education and encourage diversity in the profession.


What is enterprise risk management (ERM) in insurance?

Enterprise risk management (ERM) is a holistic approach that integrates risk assessment across an entire organization. It considers financial, operational, compliance, and strategic risks, helping businesses proactively identify, assess, and mitigate potential threats while aligning risk strategies with corporate objectives.


What happens if my business is sued for defamation?

General liability insurance may cover legal costs for slander or libel claims, but specialized media liability insurance offers better protection for high-risk businesses.


Comprehensive Market Research

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