What Is Captive Insurance?
… insurance can offer tailored insurance unique to the business’s risk exposures. Who Uses Captive Insurance? The best candidate for a captive program is typically a company with steady cash flow, high insurance premiums and low claims frequency. A company wishing to combine its overall enterprise risks, such as employee benefits, healthcare and workers’ compensation, is also a suitable candidate for captive insurance. Captive insurance is also appropriate for companies with: Leadership that needs or wants asset protection Sustainable operating profits of $500,000 or more A desire to reduce their reliance on commercial insurance A diverse workforce with …
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