If you’ve been feeling stressed with a traditional insurance program, a captive insurance model may be able to help. Even so, you may not realize the difference between these two methods of insurance. Essentially, one is decided by the insurance…
Business owners are often skeptical about captive insurance arrangements due to preconceived notions of risk, reliability, and effectiveness. Many hear horror stories about poorly designed programs that lead to greater risk and self-retaining. In reality, captive insurance programs can work…
To review, a captive insurance program is a wholly-owned subsidiary insurer that offers a customizable policy for your business. As we’ve discussed in previous content, it essentially works as a personal insurance policy that benefits your business alone. Created properly,…
You may have heard the term “captive insurance” before, but what does it mean? How does captive insurance differ from your current insurance and what are the benefits? Traditionally captive insurance was more readily available to larger companies only, but…
To review, a captive insurance program is a wholly-owned subsidiary insurer that offers a customizable policy for your business. It differs from traditional insurance programs when it comes to your company’s profits, claims, and coverage. As a whole, it provides…
Captive insurance is a very hot topic in today’s insurance market. As more and more companies begin looking into captive insurance, it becomes increasingly feasible for smaller companies. This means you may qualify for a captive insurance program even easier…