cnc insurance

When a small business owner is setting up a property/liability policy for their business, an important area, not often given enough consideration, are properly identified insureds in the policy. Remember, the insurance policy is a contract, and while you expect the insurance company to fulfill it's obligations should a covered loss occur, the same is expected of you. Remember, an entity not identified in a specific schedule of insured entities will not be covered for its insurable interest in direct damage to its real and personal property. Additionally, real and personal property of an entity not identified as a named insured may be overlooked when creating a schedule of insured locations and insurable values. The best way to ensure you have all entities covered is to create a master list showing all entities to be covered under the policy and including their insurable interest and any location or locations their interest applies to. Remember, many small business owners might own their building in their personal name and rent it back to their corporation that owns/runs the business out of that particular building. Should a claim situation occur, this can be problematic when settling the claim. Remember, time is money and you don't want to get caught up in a post claim situation having to provide proof of ownership, etc, to the insurance company, when a properly prepared policy would have avoided that situation in the first place.
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Berkely Insurance Company just recognized CNC Insurance Associates as one of their top representing agents. The qualifications for this recognition is insurance sales volume, growth, and also customer service. This puts CNC Insurance in an elite group Nationally. The good news for our clients is that it gives us more ability to place business insurance with one of the Nation's strongest companies at the most competitive rates.

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Chiropractic Network of the Carolinas, Inc. (CNC) is headquartered in Cornelius, NC, and stands alone as the oldest and largest North Carolina based chiropractic IPA. Incorporated in 1996, CNC began contracting to provide chiropractic network services in May of 1997 and currently contracts for nearly 6,000,000 lives in the states of North and South Carolina. CNC contracts with BlueCross and BlueShield of North Carolina (BCBSNC), MedCost, CIGNA Healthcare (South Carolina), Primary Physician Care, Carolina Summit and Kanawha.

The CNC Advantage
Chiropractic Network of the Carolinas, Inc., (CNC) is quickly becoming the model to which future chiropractic networks will be compared. The uniqueness of the CNC Program can be found in the partnership mentality of our providers and our managed care partners.

Our organization offers a variety of services including network development, network management, credentialing, central claims administration, free continuing education seminars, provider representatives, as well as quality and utilization management. From our central administration office, CNC previews all claims prior to electronic submission for accuracy and contract appropriateness to offer our managed care partners savings in terms of time and resources. CNC is fully staffed by dedicated healthcare professionals and does not subcontract any of the administrative services we provide.

If you are a Broker, Insurance Company or Managed Care Organization and would like to learn more about accessing our network of providers, please call us at (704) 895-8117, ext 2.
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Reading the Wall Street Journal this morning, one of the main headlines referred to the rate cut announced by the Federal Reserve yesterday, one of the sharpest decreases in over 20 years. Reading this lead me to think that many small business owners might be unaware of how the economy as a whole, and specifically the stock market, affected how the insurance industry operated. While there are many factors that contribute to the health of the industry, such as busy hurricane seasons and the subsequent losses paid from those events, the one area of that you might not be aware of that is a major contributor to insurance companies financial success, or lack thereof, is the stock market. For some time, insurance companies have reaped a major source of their income by investing in the stock market. As a result of the strong performance of the market the past few years, insurance companies income has been strong. Due to the income derived from this performance, along with the lack of any major catastrophic payouts, the insurance market has been in a "soft" market cycle. The term "soft" market is used in the industry to describe the decrease in premiums overall due to factors such as the one the recently strong stock market has played in increasing the insurance company ledgers. While there are many other areas that contribute to the insurance industries overall success, this is an example of one that is pertinent in the wake of the current state of the economy as a whole and the stock market specifically.

When implementing or changing procedures related to risk management, business owners are often stymied by those in their company that are resistant to change, or worse, simply aren't interested. One way to combat this is to seek out those in the company that like the experience of trying new ideas and like to get involved. Discuss with them ways to approach a specific risk management idea you have, or even risk management in general as it relates to their specific area of responsibility. Once you have them on board, it will make the task of implementing change much easier, since enthusiasm and acceptance tends to spread when you increase the odds of smooth implementation in your favor by adding allies to your new direction. This approach also makes sense since it makes more employees aware of risk management and they will likely end up contributing fresh new ideas that you might not come up with on your own.

As a small business owner most of you are accustomed to having your agent or another agent shop for you to obtain the best price and coverage. While this is the standard and usual way to go about this, it is a good idea to create a risk profile on your business as well. You know the standard drill, the agent requests to review current policies and asks for loss runs. While this is an important aspect of the process, how much does that agent or company know about you and your business? A good idea would be to put together a folder containing the following items - a short history of your company; a resume of key management; sales brochures and web page addresses; audited financial statements if applicable; estimated sales figures; workers compensation payrolls; property values; vehicle values; workers compensation mod and loss runs for the past five years. This is all information that should be gathered by the agent or company anyway, but by having this information readily available it will shorten the time frame for the acquisition of a quote and also give you valuable insight into your insurance program. By annually gathering and reviewing this information in detail, you will have greater control over your insurance program and be able to exercise better management of your insurance needs.

Workers' compensation insurance certificates of non-coverage now in effect will remain active, despite the July 1 implementation of a new law doing away with the program, according to a legal opinion issued Wednesday by Attorney General Drew Edmondson.

The certificates of non-coverage, or CNCs, which serve as documentation of an independent contractor's ability to go without workers' compensation insurance coverage, had previously been issued by the state Department of Labor. For a $20 fee, contractors could obtain a CNC card good for two years from the date of issue.

However, a new law that goes into effect July 1 will prohibit the Labor Department from issuing any more CNC cards.
Several small business groups have voiced concerns over losing the program since the Legislature voted to do away with it at the end of the last session, in a rush to reach a workers' compensation reform package.

Oklahoma State Home Builders Association Past President Mark Dale, legislative chairman for the group, had reported both the local home builders' association office and the state office have had dozens of phone calls apiece, and needless to say, nobody's happy.

We feel we kind of got blindsided, he said last week. When the special session came back in, we were told that the CNC cards would not be tampered with this year, and lo and behold, the last hour of the last day they got shot back in there, and we never really had the chance to speak our piece about them.
Two lawmakers, state Sens. Cliff Aldridge, R-Midwest City, and Tom Adelson, D-Tulsa, requested an attorney general opinion on whether or not CNC cards that have an expiration date beyond July 1 would remain in effect until the expiration date.

The attorney general said yes, they will.

The employer who relies in good faith on the certificate as proof of the holder's status as a non-employee enjoys limited protection from liability, reads the opinion.

The senators had requested the opinion in the hopes that having the matter clarified would prevent independent contractors and those that employ them from needlessly spending hundreds of dollars on workers' compensation insurance coverage in a misguided attempt to comply with the new law.

Labor Commissioner Brenda Reneau and Insurance Commissioner Kim Holland released statements Wednesday, assuring CNC cards will be honored until their printed expiration date, and that no action would be taken against cardholders as long as they retain their status as a sole proprietor.