A common question we are asked from prospective captive owners is to “make a NON-TAX business case for captive insurance”. Surprisingly, we don’t get asked as often about captive insurance structure or captive insurance best practices. YES, we can easily make a business case for captive insurance. So if you’re a business owner looking to …
2020 may have been one of the most challenging years in recent memory, but it was incredibly successful for captive insurance companies. 2021 is a year that has the potential to be even better. It is an excellent time for business owners to evaluate the captive insurance structure and capitalize on the opportunities.This is not …
2020 has been one of the most challenging years in recent memory. Businesses were forced to adapt, and those that couldn’t failed to survive. Organizations with a good captive insurance structure managed to adjust to the new business environment. However, all captive management partners will tell you that 2020 was a challenging year for the …
Forming a captive insurance company to mitigate risk and increase profits is, in many cases, an excellent choice for many business owners.There is a lot of information out there on captive insurance companies and the terms that surround the concept. However, some of it can be a little confusing. One such term is “831(b).”What exactly …
Want to learn what it takes to be considered a valid captive? Well, the Internal Revenue Service (IRS) says you’ll need two things: Risk distribution and risk shifting. These are also two elements that make a captive deductible for the IRS.While risk shifting is an easy way of taking off the balance sheet of one …
Captive insurance companies are primarily responsible for underwriting risks for their parent company. The sole purpose of creating captive insurance companies is to manage risks. However, there are other things the parent company stands to gain from the captive. Similarly, there are two types of captives: Regular captives or 831(a) captives and 831(b) captives. Regular …
What is a captive insurance company? A captive insurance company is created solely for writing insurance for property and casualty for a small group of people.A Corporation sets up a pure captive insurance company with one or multiple subsidiaries. It depends on the jurisdiction where the captive is generating revenue, what legislation they need to …
If you have not heard of or considered referenced based pricing for your company’s group medical benefits strategy, you should definitely look into this model. It is the fastest growing trend in health insurance administration, and for good reason. Companies large and small are enjoying significant savings and are positioned to offer optimized health benefits …
WHAT YOU NEED TO KNOW ABOUT REFERENCE BASED PRICING Read More »
Over the past decade, the cost of administering group health benefits has increased more than 100% – and most business are unsure of why. Health benefits for employees is typically the second largest business expense behind payroll – meaning waxing and waning health costs can have a significant effect on a business’ bottom line. Why …
TOP 3 REASONS WHY GROUP BENEFITS ARE SO EXPENSIVE Read More »
It is no news that many firms can benefit a lot when they opt for the captive insurance structure. This can go a long way to improve their performance and risk management, not minding what industry or sector that they belong to.Companies from every sector can benefit from the captive structure because of how efficient …
WHAT INDUSTRIES CAN USE A CAPTIVE INSURANCE COMPANY Read More »
Learn the secret that savvy companies use to insure themselves instead of throwing money away month after month.