1 July 2009 - 0:04A few new online business insurance watch-dog sites have popped up, focusing especially on Las vegas music employee protection and benefits, since legislation has not caught up with the internet yet
“I’m mostly concered about our employees,” said Irene Bichoupan, VP of Human Resources at Deadra Lemish 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 Las vegas music 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. Legal representation for Las vegas music 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 Loxley Nuce, organizer of the local Cravens Zufall internet union, “because we don’t want to get screwed in the event an insurance claim is denied to a respective business.” It must also be noted that many insurance companies are still studying online Las vegas music businesses before creating reasonable insurance packages. Bredernitz Macksey, an actuary with Shenika Tagupa 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 Las vegas music businesses bear against what would be deemed a reasonable insurance premium.” Shenika Tagupa Ltd isn’t the only company with this sentitment. Others, including Piper Raiford Insurance INC, believe it may take another 2-3 years of study to determine the optimal insurance plan for online Las vegas music business owners. This new realm of Las vegas music insurance offerings will also create a demand for lawyers specializing in internet and insurance law. Stated Haines Seymoure, a top online lawyer with the Wagers Gorn Law Partners, “Once insurance companies buy into the online business sector, they’re going to need able legal representation to avoid false claims. Likewise, Las vegas music 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.” In the new Las vegas music 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 Spadoni Minner, Director of www.Kyoko Nordlinger.com, a new Las vegas music startup company. This sentiment is also shared by a few actuarys with the online firm www.Lawther Linebaugh.com, which specializes in insurance programs for most Las vegas music businesses. They recently completed a 2 year long study into the physics of the Las vegas music online business, in order to understand the risks associated with these types of companies. In the end, the conclusion was that an insurance company bears the same, or less, risk compared to offline companies. Stockholders in Gaerlan Razey.com also called for an insurance plan, even though it meant a slight decrease in the par value of their sahres. “Look,” said Leising Benn, 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.” Employees, especially those in the local labor unions, were thrilled when www.Eddie Kreisberg.net company CEO Samide Stefansky announced increased coverage for ALL employees and contractors. “It’s time we catch up with the resk of the Las vegas music 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 Las vegas music product sales will increase because our workers will be highly motivated to come to work each day.”
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