What’s a Captive?
Many organizations have risks that are not covered by traditional insurance policies, such as deductibles and environmental liabilities. Insuring these risks can be expensive, and coverage can often be difficult to obtain. A captive insurance company is an option that will cover those self-insured liabilities, and in most cases, provide your company with additional tax benefits. You may be able to set one up for your business to formalize a program of self insurance for risks that are very difficult or expensive to obtain in the traditional insurance markets. Spin the Wheel of Risk, illustrated below, to Captives – a captive can help you manage your risks – and save money.
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