If you're a CPA of CFP and would like to learn more about captives, please sign-up for our continuing education presentation on captive insurance. It's free and will provide you with a 1-hour continuing education credit. Our next webinar is on May 31 at 11AM CST.
If you'd like to add captive insurance to your professional offerings and would like to become an affiliate, please contact us at 832.330.4101. We own and operate the first Montana based series LLC named Aegis. We run it in conjunction with Aceterrus Insurance Resources Manufacturing has gone through a fundamental change over the last 50 years. Previously, companies stored parts on site, using them when required by the manufacturing process. Now, everybody uses a "just in time" system, where parts and materials are delivered right before they are used. This creates a potential problem: what if a crucial part isn't delivered on time? The company has to either slow down production or stop altogether, potentially losing revenue in the process. A "supply chain disruption" policy -- a staple of captive insurance companies -- can minimize the damage. These policies indemnify the company for the loss related to the delay. A recent story from Bloomberg highlights this risk: BMW AG will seek compensation from Robert Bosch GmbH after missing parts for models including the bestselling 3-Series sedan caused production stoppages in Germany, China and South Africa. A lack of steering gears supplied by Bosch, the world’s largest car parts supplier, means there’s only limited vehicle production at various German plants, while factories in Tiexi, China, and Rosslyn, South Africa, have moved up or extended planned interruptions, BMW purchasing chief Markus Duesmann said Monday in an emailed statement
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