In its simplest form, a captive is a closely held insurance company that insures the risks and exposures of its owners or affiliates. While there are many different types of captives, the structure you choose is typically driven by what your overall goals are.
If any of the below scenarios describe your business, you may be an ideal candidate for setting up a captive:
- You want to have better control over your insurance programs, both for property and casualty (P&C) and employee benefit coverages.
- You want to provide Enterprise Risk Management (ERM) protection for risks you already have.
- You have sufficient business risk to support the premium in the captive.
- You have consistent, free cash flow of at least $500,000 per year.
- You are willing to commit to a long-term risk control strategy.
Contact a Captive Specialist
Chase can be reached directly at email@example.com or via phone at 808-533-8668.