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Chelten Benefits Group

Insurance, United States, Pennsylvania, Philadelphia

Empowering businesses with tailored insurance and financial solutions to secure their employees' futures.

About Chelten Benefits Group

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Join a dynamic team at Chelten Benefits Group, where we value innovation and collaboration. We are looking for talented individuals in consulting, finance, and customer service roles.


Benefits Consultant job at Chelten Benefits Group | Account Manager job at Chelten Benefits Group | Financial Analyst job at Chelten Benefits Group | Client Services Coordinator job at Chelten Benefits Group

Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
United States of America, Pennsylvania state
Official Website
http://www.cheltenbenefitsgroup.com
Location Address Official Phone Email
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FAQs – Chelten Benefits Group

What is proximate cause in an insurance contract?

Proximate cause is the primary reason for a loss and determines whether an event is covered under a policy. If a covered peril is the dominant cause of damage, the claim is payable, even if other secondary causes exist.


Can a past client sue me even after my policy expires?

Yes, if you had a claims-made policy without tail coverage, you might not be covered for claims filed after your policy lapses, even if the incident happened earlier.


Can I get collision insurance for an older vehicle?

Yes, you can purchase collision insurance for an older vehicle, but it may not be cost-effective. If the car's value is low, the payout from a claim may not justify the premiums and deductible. Weighing the potential benefits against costs can help determine if it's worth keeping.


What are the limitations of parametric insurance?

One limitation is basis risk, which occurs when an event causes losses but does not meet the predefined trigger, preventing payout. Additionally, since payments are fixed amounts, they may not always fully cover actual damages incurred.


Where are captive insurance companies usually domiciled?

Popular domiciles include Bermuda, Cayman Islands, Vermont, Delaware, and Guernsey, chosen for their favorable regulatory environments, tax treatment, and expertise in captive management.


How does Lloyd’s of London innovate within the insurance industry?

Lloyd’s is at the forefront of insurance innovation, adopting new technologies like blockchain, artificial intelligence, and big data analytics to improve underwriting accuracy, streamline claims processing, and enhance customer experience. It has also pioneered the use of parametric insurance models and other new approaches.


Can small-scale farmers get livestock insurance?

Yes, insurance providers offer plans for small-scale farmers, covering a few animals or small herds. Some government programs also provide subsidies for smallholder livestock insurance.


What is additional living expenses (ALE) coverage?

ALE covers temporary housing and living costs if a home becomes uninhabitable due to a covered event, such as a fire or storm.


Comprehensive Market Research

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