Captives provide enterprise risk financing for the following types of coverage:

A) Employee healthcare insurance

B) Workers’ compensation

C) Product liability

D) Professional liability

E) Extended warranty and service contracts

F) Cyber security and terrorism

G) Other company-specific risks

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.

A) Improves risk management

B) Multi-state capabilities

C) Reduces costs

D) Provides comprehensive coverage

E) Returns underwriting profits and investment income

F) Improves cash flow

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!