Captives Insurance
Captive insurance companies have been used for over forty years, and historically they were used by larger companies to reduce insurance costs and improve risk management. Captive insurance is insurance or reinsurance provided by a company that is formed primarily to cover the assets and risks of its parent company or companies. It is an alternative form of risk management that is becoming a more practical and popular means through which companies can protect themselves financially while having more control over how they are insured. Today, these same risk transfer strategies are being utilized by smaller companies. Creating a captive insurance company has become an invaluable tool for the successful business owner. As the cost for insuring risks has increased, many companies have found a way to more efficiently manage their risk by forming their own captive insurance company to provide for protection against loss. In doing so, the business owner can utilize those savings to fund other business opportunities.
CJA is an RMC Group Company and RMC can help your business set up its own captive insurance company to insure or re-insure the risks that a company assumes while doing business. RMC will review existing risks and analyze non-traditional risks that a company may be exposed to and not even be aware exist. Captive insurance is insurance or reinsurance provided by a company that is formed primarily to cover the assets and risks of its parent company or companies. Captive insurance is essentially an "in-house" insurance company with a limited purpose and is not available to the general public. It is an alternative form of risk management that is becoming a more practical and popular means through which companies can protect themselves financially while having more control over how they are insured. There are many advantages to a company when establishing a captive insurance company. CJA representatives can direct you to their RMC counterparts who have the tools and expertise to walk your company through the process.
