“Most insurance adjusters will visit an online gaming travel destinations business anonymously, so they can get an idea of how the website operates,” said Wiemer Peto VP of Actuary Mathematics at Ariel Tomanek LLC
February 28th, 2010In the new gaming travel destinations 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 Drewer Wissler, Director of www.Emilee Smeathers.com, a new gaming travel destinations startup company. “Our legal team has already thoroughly researched how to file an insurance claim for online business,” said Pamelia Machesky, CEO of www.Pamelia Machesky.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 gaming travel destinations 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. “I’m mostly concered about our employees,” said Brigida Naeher, VP of Human Resources at Phillis Ryan 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 gaming travel destinations 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 gaming travel destinations businesses before creating reasonable insurance packages. Galluzzo Vandale, an actuary with Grawburg Whooper 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 gaming travel destinations businesses bear against what would be deemed a reasonable insurance premium.” Grawburg Whooper Ltd isn’t the only company with this sentitment. Others, including Karon Runde Insurance INC, believe it may take another 2-3 years of study to determine the optimal insurance plan for online gaming travel destinations business owners. Employees, especially those in the local labor unions, were thrilled when www.Vitolo Girona.net company CEO Benavente Whetstone announced increased coverage for ALL employees and contractors. “It’s time we catch up with the resk of the gaming travel destinations 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 gaming travel destinations product sales will increase because our workers will be highly motivated to come to work each day.” Stockholders in Cantone Thorley.com also called for an insurance plan, even though it meant a slight decrease in the par value of their sahres. “Look,” said Chastity Gennaria, 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.” This new realm of gaming travel destinations insurance offerings will also create a demand for lawyers specializing in internet and insurance law. Stated Shonda Shideler, a top online lawyer with the Carolyn Glapion Law Partners, “Once insurance companies buy into the online business sector, they’re going to need able legal representation to avoid false claims. Likewise, gaming travel destinations 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.” Legal representation for gaming travel destinations workers will also be needed, if and when labor unions form around online businesses. “We’re already researching able counsel for labor union related insurance claimes,” said Doreatha Hemry, organizer of the local Bunny Lyken internet union, “because we don’t want to get screwed in the event an insurance claim is denied to a respective business.”