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2022 Year-End Considerations
2022 Year-End Considerations Taking a look-back at 2022 for captive insurance. Watch to learn more about "year-end considerations" from the Managing Directors at Risk Management Advisors.
A Business Case For Captives
A Business Case For Captives 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 start a captive insurance company, watch this video to find out how you can make a non-tax business case for a captive insurance company.
A Business Case for Captives
A Business Case for Captives A common question we are asked from prospective captive insurance company owners is to “make a NON-TAX business case for captive insurance”. Surprisingly, we don’t get asked as often about captive insurance structures or captive insurance best ...
Advantages of Captive Insurance Companies
Advantages of Captive Insurance Companies If you’re a business owner, you’re probably all too familiar with paying vastly more in premiums than you ever receive in a payout. In my experience, this is the reality for 99% of even the most successful of organizations. Now, I’m not trying to vilify and demean traditional insurance companies. The goal of these businesses is to generate profits while pleasing investors and board members.
Advantages of Captive Insurance Companies
Advantages of Captive Insurance Companies Intro: Traditional Insurance Companies Are Costing Your Business a Fortune If you’re a business owner, you’re probably all too familiar with paying vastly more in premiums than you ever receive in a payout.In my experience, this is the reality for ...
Alternative Investments For Captive Insurance Companies
Alternative Investments For Captive Insurance Companies There are some alternative ways that captive insurance companies can make investments. In today's video, we'll uncover some examples of this for our captive insurance owners and what kind of investments you'll want to avoid.
Annual Report
Annual Report
Are 831(b) Insurance Companies Still Viable? 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).”
Balanced Billing vs. Captive Insurance and Reference-Based Pricing
Balanced Billing vs. Captive Insurance and Reference-Based Pricing When it comes to medical insurance, you may have heard some negative things about balanced billing. What’s the truth and how does it compare to referenced-based pricing?
Benefits of a Self Insured Medical Plan
Benefits of a Self Insured Medical Plan Discover A Different Approach To Reduce Health Care Costs For Your Company
Can Captives Write General Liability Policies? One of the more common questions we are asked is, "Can I write general liability insurance under my captive insurance company?" In today's video, we'll cover how this is done and what you can do as a captive owner to make sure your risks are covered.
Cannabis Companies Face Unique Cyber Risks
Captive Insurance 101: Everything You Need to Know A captive insurance company might just be the best option for you. But first, it is important to understand the fundamental basics with everything you need to know about captives.
Captive Insurance 101: Everything You Need to Know
Captive Insurance 101: Everything You Need to Know
Captive Insurance and the Pandemic
Captive Insurance and the Pandemic 2020 has been one of the most challenging years in recent memory. Businesses and those that couldn’t fail to survive were forced to adapt. Organizations with a good captive insurance structure managed to adjust to the new business environment. ...
Captive Insurance And The Pandemic Of 2020 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. The pandemic played a major role, but it wasn't the only reason for hardship. Let's take a look at how 2020 affected private insurance solutions.
Captive Insurance For Group Medical Benefits Have you noticed there’s a lot of buzz about using a captive insurance company to provide group medical insurance? You might be wondering if it’s something that your company should consider. There’s a good reason a lot of businesses are starting to look for ways to use captive companies to provide health benefits. Let’s take a look.
Captive Insurance Predictions For 2021 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's an excellent time for captive management partners to evaluate the captive insurance structure and capitalize on the opportunities.
Captive Insurance Predictions for 2021
Captive Insurance Predictions for 2021 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 ...
Captive Insurance Regulations When it comes to protecting your business, regardless of the industry that you are in, captive insurance is surely one option that you consider. This type of insurance system has several benefits over more traditional options, such as the use of a third-party insurance provider. The use of captive insurance does, however, come with its own risks and regulations that you have to keep in mind.
Captives Are A Source Of Liquidity During A Pandemic During the pandemic, client captives were a godsend. There are a few ways client captives benefitted the insured business and their owners. As such, answering the question “How Did Client Captives Do That?” there isn’t a single answer to that question. There are multiple ways captive insurance companies helped businesses stay liquid when they needed it the most. Let’s take a deeper look into how captive liquidity made (and continues to make) such a huge difference to those business owners.
Captives Brochure
Captives Brochure
Captives Can Write Diversified Risks Captives aren't just for property, casualty, and liability insurance anymore. In this video, I am going to talk about other diversified risks that a captive insurance company can write.
Captives for Group Medical Benefits
Captives for Group Medical Benefits
Case Study: Captive Insurance For Auto Liability Auto finance companies are usually a resort that customers turn to when commercial banks are unable to provide them with the financial assistance they seek to obtain. Watch to learn how Risk Management Advisors created a tailor-made insurance plan and risk management solution.
Case Study: Captive Insurance For Private Equity Investments, in general, hold significant risk, as cases where property values or investment assets suddenly plummet can lead to a serious loss. A private equity firm approached us to assist in delivering a highly protective program that would cover their risks as they continued to receive funds from more investors.
Case Study: Large Construction With rising premium costs and tight margins, firms in construction are constantly on the lookout for tools to mitigate risks, save on insurance premiums, and increase their profits. Captive insurance presents itself as the most ideal solution. In this video, we will provide you with an overview of captive insurance and discuss some benefits it could offer large construction businesses.
Case Study: Mortgage Banking and Risk Management
Case Study: Self-Storage and Renters Insurance Rental units are used by both commercial and residential clients. Watch to learn more about how a captive insurance program can help to provide an effective risk management solution.
Case Study: Senior and Assisted Living The benefits of captive insurance are numerous. The insurance coverage is tailed to the specific needs of each client, comes with reduced operating costs and improved cash flow, and increases coverage and capacity. Captive also provides greater control over claims. Businesses from various industries can benefit from captive insurance. Senior assisted living facilities are not the exception. Watch to learn more.
Common Myths of Captive Insurance Companies If you’re thinking about forming a captive insurance company, there’s a good chance you’ve read accurate and inaccurate information about captive insurance law and captive insurance best practices. Such is the nature of the internet. In this video, we’re going to cover a couple of myths about captive insurance companies that may have kept you from considering them as part of your own business.
Common Myths of Captive Insurance Companies
Common Myths of Captive Insurance Companies If you’re thinking about forming a captive insurance company, there’s a good chance you’ve read accurate and inaccurate information about captive insurance law and captive insurance best practices. Such is the nature of the internet. In this quick ...
Creating the Perfect Captive Framework
Creating the Perfect Captive Framework
Dangers Of Risk Pooling 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. Nonetheless, such risk pooling does not come without its own set of operational hurdles. So, let's discover the dangers of risk pooling in captive insurance arrangements.
Dangers of Risk Pooling
Dangers of Risk Pooling Want to learn what it takes to be considered a valid captive insurance company? 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 insurance ...
Deferring Captive Premiums What happens when a captive owner doesn't want to pay premiums for a year? In today's video, we walk through some options you might have.
Different Types Of Captive Structures Unsure how to set up your captive insurance company structure? Luckily, there is a typical structure to follow. However, new captive structures are being created every day, and diversity in approach will be beneficial to the whole industry. Watch this video to learn more.
Discover How To Govern A Captive Insurance Company So you've set up a captive insurance company, done a feasibility study, done an actuarial study, submitted everything to the Department of Insurance, and have gotten approval for your captive. Now what? In this video I'm going to go through the proper ways to govern a captive insurance company. As the IRS audits have pointed out- it's not how you set it up, it's how you run it.
Discover The Benefits Of Implementing Group Medical Strategies
Discover The Benefits Of Implementing Group Medical Strategies
Do You Qualify For Business Interruption Insurance?
Do You Qualify For Business Interruption Insurance?
Doubling Of Capital Gains Tax and What You Can Do About It With every new presidential administration comes the risk of tax law changes. Under President Biden, there has been some speculation that the capital gains tax will double, which has captives wondering if the benefits still outweigh the negatives.
Enhance Risk Management: Captive Insurance for Property Coverage
Enhance Risk Management: Captive Insurance for Property Coverage Property insurance has become a thorny issue, especially for those owning high-value coastal properties, as they face exorbitant premiums and limited coverage options. This crunch results from factors like escalating claims from natural disasters, ...
Excess Coverage Solutions SPECIAL EPISODE: Excess Coverage Solutions In this "Ask Me Anything" episode, we discuss a special new program that clients can use as an excess insurance solution. Watch to learn more.
Federal Legislation Cannabis Laws That Could Help Insurance Companies Federal cannabis legislation could make it easier for insurance companies that have been hesitant to jump into this marketplace. The difficult, but improving, insurance market for cannabis operators in the United States may get a boost from two pieces of legislation before Congress, one of which has already passed the House of Representatives.
Get Ready For Federal Legislation Regarding Cannabis Traditional insurance companies are quietly gearing up for the potential of a tenfold increase in sales of insurance policies to the cannabis industry, which is currently a $17.6 billion industry. Find out how to prepare for these upcoming changes.
Guide to Captives
Guide to Captives Learn the secret that savvy companies use to insure themselves instead of throwing money away month after month.
Health Insurance Is Rigged Consider for a moment that since the PPO and HMO models became prominent 30 plus years ago, the cost of providing group medical benefits has increased an astonishing 100% faster than wages, or inflation. In this video, I'm going to tell you the number one reason why this has happened and what you, as a business owner, can do about it.
Health Insurance is Rigged
Health Insurance is Rigged
How Are Captives Regulated? Typically, the ideal candidate for a captive is a business owner with a substantial operation that has significant uninsured or underinsured risks and is looking to gain greater control over insurance premium costs. Before making your move, you should know how captive insurance companies are regulated. In today's video, Jarid Beck, Managing Director of Risk Management Advisors, walks us through this.
How Business Owners can Save 30% On Group Medical Benefits Today, we're going to revisit how we can save business owners 30% or more on their health insurance while simultaneously providing a better set of benefits to their employees. After payroll, this is often the second largest expense for any given company. This is a big expenditure and it keeps coming up year after year. In this video, I’m going to show you how you can save 30% on health benefits now.
How Captives Are Used To Generate Revenue From Third Parties Can captive insurance companies generate revenue from third parties? In this week's video, we uncover the types of risk that generate income for our clients and the options you have as a captive insurance company owner.
How To Combat Rising Premiums: Part One In this three-part educational series, we are uncovering strategies to combat rising premium costs with captive insurance. Stay tuned for parts two and three coming next week!
How To Combat Rising Premiums: Part Three We're back with the FINAL PART of this three-part educational series. Over the last two videos, we discuss strategies to combat rising premium costs with captive insurance.
How To Combat Rising Premiums: Part Two We're back with Part TWO! In this three-part educational series, we are uncovering strategies to combat rising premium costs with captive insurance. Stay tuned for the final part coming next week!
How To Know If You Qualify For Business Interruption Insurance I've been having a lot of clients asking me about Business Interruption insurance and why it's not covered on their traditional insurance policies. Business Interruption insurance is typically written as part of a Commercial Property or Business Owner policy. In most cases, it says there has to be damage to the property, which causes that business to become interrupted.
How To Make Your Captive Insurance Company More Secure For the last 5 years, the IRS has been challenging captive insurance companies. In fact, they were put on the "dirty dozen" list. In 2020, however, captives were removed from that list because not all captives are bad. Learn more about what YOU can do to keep your captive insurance company more secure and out of the bullseye of the IRS.
How To Protect & Build Wealth In Today's Economy Business environments come and go; this is evident in the rollercoaster of events brought on by world events since last year. There was a time when California was a great place to start a business, and frankly, it may not be the same golden state that it used to be. So, the question remains: how do we protect and build our wealth in today's economy? At Risk Management Advisors, we believe there are three steps that you can take right now to protect and build your wealth in today's turbulent economy.
How To Select A Third Party Administrator Choosing the right TPA is important when considering a self-funded program. In today's video, we explore the options you have and why they matter in the long run.
How to Structure a Compliant Captive Insurance Company Captive insurance structure may seem a bit complicated, but after this breakdown, we bet you’ll have an excellent understanding of it.
How To Structure A Compliant Captive Insurance Company
How To Structure A Compliant Captive Insurance Company
How To Turn Risk Into True Wealth With A Captive
How To Turn Risk Into True Wealth With A Captive
How To Write Excess Trade Credit Insurance Over the last year, the pandemic has caused all sorts of worry and uncertainty, especially for businesses owners who are trying to stay not only afloat, but profitable. Now more than ever, it’s important to know how to protect your business. If a client doesn’t pay or you’re facing a major incident, you want to have an insurance policy that covers you. Here’s what you need to know about captive insurance law as well as excess trade credit insurance.
Is Your Company A Good Fit For A Captive? Want to know if your company is a good fit for a captive? In today's video, we'll walk you through the process and help you identify whether or not the captive insurance solution is right for you. Watch to learn more.
Jurisdictional Differences Explained In my previous videos, we've talked about why you want to do a captive insurance company and how to properly structure it. So you've decided you want a captive insurance company. Now the big choice is- what jurisdiction do you choose to set it up in?
Jurisdictional Differences Explained
Jurisdictional Differences Explained
Key Trends For Captive Insurance
Licensing & Captive Management In previous videos, we've talked about the importance of choosing the right captive manager for your business. When the time is right, you'll want to know the difference between managing and consulting captive insurance companies.
Licensing and Captive Management
Licensing and Captive Management
Life Cycle Of A Successful Captive Insurance Company One of the main questions we get is, "What does the life cycle of a successful captive look like?" In today's video, we answer this question in depth and go over the options you have as your captive insurance company grows.
Maximize Protection, Minimize Costs: Captives in General Liability
Maximize Protection, Minimize Costs: Captives in General Liability Securing the right general liability coverage can be challenging, especially when traditional insurance solutions fall short. Business owners like you often face the frustration of rising premiums and policies that don't quite fit your unique needs. ...
Mortgage Banking And Captive Insurance How do mortgage banking clients utilize captive insurance companies?
Pooling Opportunities For Small Business Owners Within just two years of opening, an estimated 20% of small businesses fail and end up closing their doors for good. Over a span of one decade, about 35% of small businesses continue to remain operational. There are methods that can be used among small business owners to implement effective risk management strategies. Recognizing pooling opportunities can be a great start.
Premium Financing For Captives Let's chat about captive premiums! In today's video, we discuss how to finance them and if that's the right move for you. Watch this video to gain a better understanding of what premium financing entails.
Property Owners And Captives Today, we discuss how property owners use captive insurance and what steps you can take to cover your risks.
Reasons NOT To Do A Captive If you've watched my other videos, you're going to notice that this is a different topic. In all of my other videos, I have been telling you the reasons why you SHOULD do a captive and the proper way to do it. In the last video, I talked about corporate governance and how to make sure that your captive is running smoothly and properly. But with this video, I’m going to tell you the reasons NOT to do a captive insurance company.
Reasons Not To Set Up A Captive Insurance Company
Reasons Not To Set Up A Captive Insurance Company
Reasons NOT To Setup A Captive 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 can also become confusing - especially for owners who do not have knowledge of the sector. Seeking out sophisticated risk management advice can help the business owner have a better understanding of the options. An 831(b) captive structure is often advised. While the advantages of strategic risk management solutions that utilize a captive structure are easy to find, it should be noted that there are a few negative factors too.
Reasons Some Companies Are NOT Successful With Self Funding Ever wondered why some companies are not successful with self-funding? In today's video, we go over the reasons and how you can avoid the same mistakes.
Reasons Some Companies are not Successful with Self-Funding
Reasons Some Companies are not Successful with Self-Funding
Risk Management: Lessons Learned Out Of COVID In this video, we'll discuss how the pandemic has impacted the captive insurance industry and the lessons that have been learned.
Save 30% On Health Benefits NOW Today, we're going to revisit how we can save business owners 30% or more on their health insurance while simultaneously providing a better set of benefits to their employees. After payroll, this is often the second largest expense for any given company.This is a big expenditure and it keeps coming up year after year. In this video, I’m going to show you how you can save 30% on health benefits now.
Save On Employee Benefits Now 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.
Save on Employee Benefits Now
Save on Employee Benefits Now
State of the Market
State of the Market
Taxation of 831(b) Insurance Companies
Taxation of 831(b) Insurance Companies If you’ll recall, in the previous article we discussed taxation code 831(b) as one of the various IRS codes that can be formed under captive insurance. In this article, we’re going to talk about code 831(b) in the same manner. Much of the ...
The Biggest Benefits For Implementing Group Medical Strategies Using a captive insurer as a group medical strategy can get you off the treadmill of higher prices and insurance company profits are your expense. But there are also some other benefits you’ll experience — including one that might surprise you!
The Broker Series: Broker-Referred Captive Client Case Studies In this video, we take you through real-life examples of broker-referred clients who have successfully implemented captive insurance solutions.
The Broker Series: Exciting Industry Updates In this exciting update on the captive industry, we'll take a look at some of the latest trends and developments that are transforming the way brokers and clients are approaching risk management.
The Broker Series: Fronting Carriers and Rates In this episode, we address the challenges posed by a hard market environment and the crucial role that fronting carriers and rating play in mitigating risks for captive insurance programs.
The Broker Series: Hard Market Solution In this episode, we address the current challenges in the insurance market and how captive insurance can serve as a valuable alternative.
The Broker Series: How Brokers Set Up Successful Captives For Their Clients By the end of this video, you'll have a better understanding of the key components of a successful captive insurance company and how to set one up for your clients.
The Broker Series: Introducing Martin Eveleigh Martin discusses his expert background in the captive industry and his experience working with brokers to form captive insurance companies.
The Broker Series: Policy Forms and Coverage This episode unravels 'Policy Forms + Coverage'. Learn how this industry evolves in hard markets and how you can leverage it to boost your practice. Stay informed, stay ahead.
The Broker Series: When Does A Captive Make Sense For My Clients? In this final installment of Season 1 in "The Broker Series," we discuss the important question of when a captive insurance company makes sense for your high net-worth clients.
The Broker Series: Why Brokers Should Consider Captive Insurance In this video, we'll explain what captive insurance is, how it works, and why it can be a smart choice for your clients.
The Cayman Islands: A Premier Destination for Captive Insurance
The Cayman Islands: A Premier Destination for Captive Insurance Captive insurance is becoming an increasingly popular strategy for businesses looking to manage risk more cost-effectively. Instead of relying on traditional insurance, companies form their own captive insurance companies. This strategy allows them ...
The Cayman Islands: Unlocking Offshore Captive Insurance Potential
The Cayman Islands: Unlocking Offshore Captive Insurance Potential Choosing the right domicile for your captive insurance company can significantly impact your business’s risk management strategy and financial stability. With numerous onshore options like Vermont and Delaware gaining popularity, it’s easy to ...
The High Risk For Insuring Cannabis Companies
The Million-Dollar Medical Secret: Slash Your Group Insurance Costs
The Million-Dollar Medical Secret: Slash Your Group Insurance Costs Health insurance costs are surging at an alarming rate, impacting businesses across the United States. In a startling forecast, experts predict that 2024 will witness the most substantial increase in group insurance expenses in over a decade, with ...
The Overhead Costs Of Running A Captive Insurance Company While the upfront costs of setting up and running a captive insurance company can be significant, the long-term benefits can make it well-worth the investment. In this week's video, we discuss the overhead costs of running a captive insurance company.
The Power of Extended Warranty Captives in Risk Management
The Power of Extended Warranty Captives in Risk Management When your customers purchase an extended warranty, they're buying more than just extra security for their products—they're investing in peace of mind. Offering extended warranties can attract more customers to your business and provide a reliable ...
The RMA Process Risk Management Advisors is unlike any other captive manager in the industry today. In this video, we'll uncover the RMA Process where we build and manage captives to make sure they are always what the client needs and 100% compliant.
Top 3 Reasons Why Group Benefits Are So Expensive The cost of providing group medical benefits has increased more than 100% over the past decade. For most businesses, it's the second largest expense after payroll. But ask yourself this: Why are you required to pay so much with understanding so little about its cost? In this video, I am going to tell you about the top three reasons why this is and what you, as a business, can do.
Top 3 Reasons Why Group Benefits Are So Expensive
Top 3 Reasons Why Group Benefits Are So Expensive 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 ...
Typical Structure Of A Captive Insurance Company We’ve gone over a number of videos on captive insurance- from “Why Form A Captive” to “Why You Shouldn’t Do A Captive.” I have received a lot of questions on a major component, and that is “How To Structure A Captive Insurance Company.” In this video, we’ll go over how the majority of our clients structure their captive.
Typical Structure Of A Captive Insurance Company
Typical Structure Of A Captive Insurance Company
Understanding the Taxation of 831(a) Insurance Companies Captive insurance companies can be formed under various IRS codes. In this video, we’re going to focus specifically on the taxation code 831(a) and what it could mean for you and your business in terms of risk management.
Understanding The Taxation Of 831(a) Insurance Companies
Understanding The Taxation Of 831(a) Insurance Companies Under the tax code law, business owners are permitted to create what is referred to as “captive” insurance companies to mitigate certain risks. Under the traditional captive insurance law, the insured business owner is allowed to claim deductions ...
Understanding the Taxation of 831(b) Insurance Companies If you’ll recall, in the previous video we discussed taxation code 831(b) as one of the various IRS codes that can be formed under captive insurance. In this video, we’re going to talk about code 831(b) in the same manner and how to understand it.
Wealth Strategies For 2022 Our first video in the new year! We'll chat about how to protect your wealth and grow your business in 2022.
Wealth Strategies for 2022
Wealth Strategies for 2022
What Industries Can Use a Captive Insurance Company
What Industries Can Use a Captive Insurance Company 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 ...
What Is A Risk Pool? 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. In today’s video, we’re going to talk about risk pooling and what it means for your captive.
What is a Risk Pool?
What is a Risk Pool? 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 ...
What Is Form 8886 And Why Is It Important? After you set up your captive insurance company, it's important to understand whether or not you need to file a Form 8886 with your tax return. In today's video, we discuss what that is and why it's so important. Watch to learn more!
What Is The Purpose Of A Captive Insurance Company? There are multiple risk management strategies that large businesses can turn to when implementing protective measures. Founding a captive insurance company is one particularly effective option that is used by some of the biggest enterprises, as well as successful entrepreneurs. We take a closer look at what a captive is, why companies use it, and the advantages that come with this type of private insurance program management method.
What You Need to Know About Reference Based Pricing
What You Need to Know About Reference Based Pricing 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. ...
What You Need To Know About Reference-Based Pricing Did you know that the fastest growing trend in providing group medical benefits is the use of referenced-based pricing? Companies across the country are using the now time-tested strategy to save as much as 30% on premiums while providing superior benefits to their employees.
Where To Domicile Your Captive Insurance Company The captive insurance industry is huge, and the advantages of strategic risk management solutions might benefit one owner differently from another one depending on which jurisdiction they are operating under. In today's video, we uncover the importance of where to domicile your captive.
Which Industries Could Use A Captive Insurance Company 90% of Fortune 500 companies, globally, have a captive insurance company. The question isn't, “What companies can benefit from a captive?” The real question is, “Can your company benefit from a captive?” What we’re going to do in this video is walk through a list of industries that we've successfully implemented captive insurance risk strategies for, and show you exactly what to do.
Who Is Involved In Running A Captive? Captive insurance involves setting up your own insurance company to assert greater control over your risk management, tax planning, and overall earnings. For years, large corporations have benefitted from operating their own privately held captive insurance companies — most of which were originally established to provide coverage where insurance was unavailable or prohibitively priced. But one of the biggest questions we get is this, "Who is involved in running a captive insurance company?" In today's video, Max Jong, Managing Director of Risk Management Advisors, explains this.
Who Manages A Captive Insurance Company? We've talked about setting up a captive insurance company in some of our previous videos. But one question we'd like to go over is, "Who manages the captive?" Today, we'll discuss who is tasked with this and why it's important to choose the right person (or people) for the job. Watch to learn more.
Why 2022 Was A Great Year For Captive Insurance So, why was 2022 a great year for captive insurance? Keep watching to find out!
Why 831(b) Insurance Companies are Still Viable
Why 831(b) Insurance Companies are Still Viable For many business owners, forming a captive insurance company to mitigate risk and increase profits is an excellent choice. There is a lot of information on captive insurance companies and the terms surrounding the concept. However, some of it can ...
Why Are Captive Insurance Companies Domiciled Offshore? If you’re interested in forming a captive insurance company, this is a question that you’ll probably want answered. The short answer is that for a long time, being domiciled off shore this was the only option available to these companies. Those within the industry, however, are saying that the trend is changing.
Why Do Some Successful Companies NOT Form Captives? Owners of businesses, entrepreneurs, and stewards of large organizations are always looking for effective ways to cut down costs while improving performance. Enterprise risk management is one aspect of an organization that gulps a large amount of the costs in an organization. In our other videos, we have discussed why captives are great solutions for cutting down insurance cost. Today, we answer the other side of that thought- Why Do Some Successful Companies NOT Form Captives?
Why Form A Captive Insurance Company? When was the last time the insurance company paid out more in claims than you paid in premium? If you can remember that, you're probably not a good candidate for a captive insurance company. But if you're like 99.9% of businesses and business owners, then you should definitely keep watching.
Why Form a Captive Insurance Company?
Why Form a Captive Insurance Company? Owners of businesses, entrepreneurs, and stewards of large organizations are always looking for effective ways to cut down costs while improving performance. Enterprise risk management is one aspect of an organization that gulps a large amount of ...
Why Was Last Year A Banner Year For Captives? For many companies, 2020 was a year of never-ending uncertainty. Many businesses faced devastating losses due to the COVID-19 pandemic, which shuttered states and countries across the globe. This left thousands of businesses without customers, workers, and much needed supply. However, for captive insurance companies, 2020 was, to much surprise, one of the best years ever. In today's video, we'll find out why.
With Whom Should You Do A Captive Insurance Company? When considering a captive, it's important to know with whom you should do it with. In today's video, we discuss how to choose the right captive manager for you.
With Whom Should You Do A Captive Insurance Company?
With Whom Should You Do A Captive Insurance Company?
Workers Comp and Staffing When multiple corporations or entities are involved in the setup of a workers comp system, especially when you look at self-insured options like a captive insurance program, things can get a bit complicated. Watch to uncover how we've identified current areas where costs were too high, cut these expenses for the clients, and produced a more fitting program for tour clients.

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