Hallo…
I’m really hoping I’m not biting off more than I can chew here. I’m about to wrap up my Casualty and Liability insurance certification in California, and I’ve got this idea to start my own pet insurance company—but I want it to be different from the usual stuff out there!
Here’s where I’m stuck though… I have no clue how to figure out what an insurance company would actually pay a vet in claims, or how that whole process even works (seriously, I’m scratching my head over here).
I’d love any advice—whether it’s some awesome tips or even if you’re like, “Whoa, stop right now!” LOL.
- Anyone out there with experience in starting an insurance company?
- How do you go about calculating what gets paid to vets?
- Am I in way over my head or is this something I should chase?
Best wishes
to begin operating your own insurance business. This entails completing prerequisite coursework and passing a test to obtain a license to sell a certain kind of insurance.
financial predictions, competitive analysis, and business goals. This strategy is crucial to obtaining funds and will act as your route map
wish to use: corporation, limited liability company (LLC), partnership, or sole proprietorship. Every structure has unique tax and legal ramifications.
and general liability.
company requires negotiating a highly regulated sector, so it’s critical to be up to date on industry standards and best practices.