Don't leave everything to chance; keep yourself protected with an insurance
Captive Insurance helps you take control of your insurance: reduce your costs and tailor coverage to your specific needs.
In its purest form, a captive is an insurance company formed by a business owner, or a group of business owners, to insure their own risks. Through common ownership, captives can provide customized insurance, risk transfer, and risk management solutions that are specific to the needs of its insured parent company.
Captives provide enterprise risk financing for the following types of coverage:
There are startup costs and annual operating costs involved with launching and running a captive insurance program. While every situation is unique, budgeting for up to $20,000 for both the startup and annual operating costs is a good ballpark figure.
Captive insurance can help your business grow by providing more comprehensive coverage, lowering costs and improving cash flow. If you need a captive to take care of all of the risks that come with running a successful company, we are here for you, so that you don’t have to worry about anything but growing your business!
It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options
If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.
Contact us today to help you with multiple options to choose from.
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