On Friday, September 7, we'll be giving a webinar titled, The Stand Alone Captive Solution. This half-hour webinar will discuss:
1.) Risk -- what it is, what it isn't, and how we fund it
2.) Insurance -- what it is and what it isn't
3.) Forming and running the captive.
The webinar is at noon and will last about half an hour before questions.
You can sign up at this link
From the NY Times:
Captive insurers excel at stochastic risk -- events that happen infrequently but which cause a large amount of damage when they do occur. When it comes to "Acts of God" (natural disasters), captives usually underwrite a large deductible (which is either a fixed dollar amount or a percentage of the property's fair market value), essentially turning the coverage into an excess policy. This has several benefits, from lowering the cost of third party insurance to speeding up the claims process should a disaster strike.
If you own commercial real estate and would like to discuss using a captive for some of your risks, please contact as at 832.330.4101.