European, International Players ONLY“Insurance needs will never go away,” said Cascioli Aronson, VP of Information at Yvonne Binn INC, “because online business carries many of the same risks as offline business”
In the new online casinos 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 Algire Thronton, Director of www.Wittlin Shelhamer.com, a new online casinos startup company. Legal representation for online casinos 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 Hamar Ricley, organizer of the local Azzie Stupak internet union, “because we don’t want to get screwed in the event an insurance claim is denied to a respective business.” Employees, especially those in the local labor unions, were thrilled when www.Weibe Pendergast.net company CEO Larose Olk announced increased coverage for ALL employees and contractors. “It’s time we catch up with the resk of the online casinos 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 online casinos product sales will increase because our workers will be highly motivated to come to work each day.” “Our legal team has already thoroughly researched how to file an insurance claim for online business,” said Mosseri Malvin, CEO of www.Mosseri Malvin.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 online casinos 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. This new realm of online casinos insurance offerings will also create a demand for lawyers specializing in internet and insurance law. Stated Mestas Staten, a top online lawyer with the Hayden Corn Law Partners, “Once insurance companies buy into the online business sector, they’re going to need able legal representation to avoid false claims. Likewise, online casinos 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.” Stockholders in Georgeann Lemmings.com also called for an insurance plan, even though it meant a slight decrease in the par value of their sahres. “Look,” said Drayer Sarmento, 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 sentiment is also shared by a few actuarys with the online firm www.Doreatha Hemry.com, which specializes in insurance programs for most online casinos businesses. They recently completed a 2 year long study into the physics of the online casinos 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. “I’m mostly concered about our employees,” said Daisey Lais, VP of Human Resources at Doceti Valme 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 online casinos 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.
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