Risk management is a critical aspect included in every business and, most business owners are familiar with traditional property and casualty policies. However, what happens when your company is exposed to risks for which your business has no coverage? A captive insurance manager can help mitigate risk in commercial activities effectively. It’s a pretty tricky …
WITH WHOM SHOULD YOU DO A CAPTIVE INSURANCE COMPANY? Read More »
Are you interested in forming a captive insurance company to mitigate risk and increase profits? If so, you’re certainly not alone. Business owners are becoming more invested in captive insurance than ever before. But what exactly is captive insurance? A captive insurer is an insurance company that is completely owned and controlled by the insured …
HOW TO STRUCTURE A COMPLIANT CAPTIVE INSURANCE COMPANY Read More »
One of the most pertinent topics in enterprise risk management is why the coronavirus isn’t covered by business interruption insurance. The pandemic’s most major impact is that a lot of businesses faced severe business interruption during the early stages of the lockdown. Many organizations that made use of traditional private insurance solutions didn’t receive any …
DO YOU QUALIFY FOR BUSINESS INTERRUPTION INSURANCE? Read More »
In this post, we’ll showcase how our clients can save up to 30 percent on health insurance using captives and the concept of reference-based pricing. Those already familiar with captives know that there are two fundamental ways to use 831(b) captives. Clients can use them for either enterprise risk and exclusions or traditional insurance risk. …
Unsure how to set up your captive insurance company structure? Luckily, there is a typical structure to follow. As a reminder, a captive company is a business that sets up its own insurances to cover its own risks, and the majority of captive insurance companies are structured in a certain way. The primary captive insurance …
TYPICAL STRUCTURE OF A CAPTIVE INSURANCE COMPANY Read More »
As businesses grow and become major brands that are well-known among the public, the risks faced by the enterprise also increases. Large corporations face many risks in their daily operations – even small errors or faults can result in serious lawsuits against the company. This is why risk management is such a crucial factor, but …
So – you’re officially in motion with your captive insurance company. Everything is set – you’ve done the feasibility study, you’ve completed the actuarial study, you’ve submitted everything to the department of insurance, gotten approval, set up the initial funding and paid the premiums. Now what? Well, one thing is for sure – you are …
Insurance captive is one of the wealth protection strategies that investors can use to protect their wealth. Captive insurance refers to an insurance company wholly-owned and controlled by the insureds. Under this arrangement, it’s like self-insurance where instead of paying commercial insurances, investors use their own resources and capital to assume a portion of the …
Learn the secret that savvy companies use to insure themselves instead of throwing money away month after month.