Exploring the opportunities of Captive Insurance Companies
12 Jun 2020
Exploring the opportunities of Captive Insurance Companies
Insurance premiums are skyrocketing. Claims are being denied. Now is the time to rethink a captive strategy.
Organizations with a complex risk profile can yield savings and other benefits by electing to self-insure through a captive. Captive insurance companies are often formed to supplement commercial insurance, allowing the company that forms the captive the ability to decide upon coverage, make claims decisions, retain the money that otherwise would be spent on insurance premiums and benefit from the profits the captive generates.
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