Hanson & Molloy PLLC has created a focused niche in the legal world. The firm provides legal counsel for businesses to find proper insurance coverage and ensures that the firm’s insurance company clients are reinsured effectively.
Insurance is critical for your business. When you are covered by insurance, you operate a more stable, secure business, because you have another company’s resources at your disposal. Having these additional assets available gives your company greater flexibility and more credibility when conducting business.
Your business is supporting other businesses when they take a hit. Consider retaining the same protection for your own company.
Reinsurance can help your insurance company soften the blow of large losses. You can pool your assets with those of a reinsurer (cedant), giving you a safety net to offer policyholders higher-risk plans, so you can market to a new audience.
Reinsurance also inspires confidence in your company’s clients and stakeholders by diversifying and stabilizing your risk portfolio. Your policyholders know that you are able to pay out on claims when needed, and stakeholders know you will not compromise the bottom line doing it.
According to the Association of Bermuda International Companies, nearly all the major companies in the world have main offices in Bermuda. It is a secure and respected place to domicile your business, and you need an attorney well versed in Bermuda and United States business and tax laws to make this corporate move a reality for your company.
The Bermuda Monetary Authority screens companies looking to establish operations in Bermuda. Hanson & Molloy PLLC helps you prepare for and pass the necessary tests to begin a financially beneficial presence on the island.
Contact Hanson & Molloy PLLC to retain skilled, experienced legal counsel for setting up your business in Bermuda and handling your onshore litigation matters. Hanson & Molloy PLLC helps businesses in Washington, DC, and Maryland as well as Bermuda. The firm’s attorneys concentrate on insurance, reinsurance, labor and employment and general commercial litigation to serve as your United States in-house counsel. Call the firm at 202-833-9300 for professional legal representation for your business’s legal affairs.