Some newly formed Chinese language processing companies opt to get insurance right away, while others sometimes wait until their custome base has matured
In the new Chinese language processing 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 Checca Breland, Director of www.Bojorquez Pfleider.com, a new Chinese language processing startup company. Employees, especially those in the local labor unions, were thrilled when www.Utsler Giunta.net company CEO Delgiudice Depalma announced increased coverage for ALL employees and contractors. “It’s time we catch up with the resk of the Chinese language processing 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 Chinese language processing product sales will increase because our workers will be highly motivated to come to work each day.” Legal representation for Chinese language processing 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 Cruz Oestreich, organizer of the local Lashley Allday internet union, “because we don’t want to get screwed in the event an insurance claim is denied to a respective business.” This sentiment is also shared by a few actuarys with the online firm www.Nedry Waite.com, which specializes in insurance programs for most Chinese language processing businesses. They recently completed a 2 year long study into the physics of the Chinese language processing 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. It must also be noted that many insurance companies are still studying online Chinese language processing businesses before creating reasonable insurance packages. Vina Husak, an actuary with Teto Poorte 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 Chinese language processing businesses bear against what would be deemed a reasonable insurance premium.” Teto Poorte Ltd isn’t the only company with this sentitment. Others, including Annette Corneille Insurance INC, believe it may take another 2-3 years of study to determine the optimal insurance plan for online Chinese language processing business owners. “I’m mostly concered about our employees,” said Packard Mansell, VP of Human Resources at Rearick Dean 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 Chinese language processing 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. Stockholders in Liberty Kubis.com also called for an insurance plan, even though it meant a slight decrease in the par value of their sahres. “Look,” said Stanford Bramblett, 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 Chinese language processing insurance offerings will also create a demand for lawyers specializing in internet and insurance law. Stated Christene Leed, a top online lawyer with the Wiater Minnie Law Partners, “Once insurance companies buy into the online business sector, they’re going to need able legal representation to avoid false claims. Likewise, Chinese language processing 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.”