By Denise Gillin for AssuredPartners
Why would an organization want to join a captive? That’s a great question, and the answer starts with understanding alternative risk management strategies outside those provided by traditional insurance programs.
In simple terms, captives are member-owned insurance companies operating for the members’ benefit. For business owners who want greater control over their casualty insurance program, a captive can be a good option. It involves sharing risks with others, blending services and expenses through a custom-built program that is best for each member as well as the group.
The top five frequently asked questions regarding captive membership are a good place to start exploring the possibilities of captive membership together.
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