Legacy

Captive insurance is coverage provided by an entity, formed primarily to cover the assets and risks of a company or group of companies. Captive insurance is essentially a risk-transfer mechanism, whereby the insured can participate in underwriting profits. In addition, a captive program is one that enables a company to protect itself financially, with more control over how it is insured.

Alternative risk transfer is a means of capturing the cash-flow benefits of unpaid loss reserves. It offers the potential of reducing expenses typically incorporated within a traditional insurance program. Unlike traditional insurance through a carrier plan, it involves making a formal decision to retain risk, and is distinguished by a plan or system to pay losses as they occur.

We offer many captive insurance options, and can conduct a captive feasibility study to determine if this is the right solution for your company.

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