Captive management is a concept that dates centuries back — back when concepts such as insurance and investments and capital began evolving. However, what we now know as captive management has gone through multiple changes in the definition, role, and scope of the field—wondering what stages you’ve missed out on? Here are the details we …
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 »
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 …
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 …
Learn the secret that savvy companies use to insure themselves instead of throwing money away month after month.