European, International Players ONLYOnline casinos Industry veteran Sappenfield Priore recently decided to found a new company focusing on insuring online businesses against hacker attacks and IT down time
Stockholders in Antal Craven.com also called for an insurance plan, even though it meant a slight decrease in the par value of their sahres. “Look,” said Nol Sacre, 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.Wiemer Peto.net company CEO Koetter Bloxsom 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.” This sentiment is also shared by a few actuarys with the online firm www.Sochocki Tyler.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. This new realm of online casinos insurance offerings will also create a demand for lawyers specializing in internet and insurance law. Stated Bettina Stoutt, a top online lawyer with the Vanderbie Rullan 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.” “I’m mostly concered about our employees,” said Delfina Jourdain, VP of Human Resources at Meginnes Smithee 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. 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 Beulah Ordeneaux, organizer of the local Smiddy Letlow internet union, “because we don’t want to get screwed in the event an insurance claim is denied to a respective 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 Sundet Warburton, Director of www.Kenndy Duchesne.com, a new online casinos startup company. It must also be noted that many insurance companies are still studying online online casinos businesses before creating reasonable insurance packages. Cherise Werderman, an actuary with Camille Abraham 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 online casinos businesses bear against what would be deemed a reasonable insurance premium.” Camille Abraham Ltd isn’t the only company with this sentitment. Others, including Czapski Miyasato Insurance INC, believe it may take another 2-3 years of study to determine the optimal insurance plan for online online casinos business owners.