We're holding a webinar on Thursday, August 4 titled Commercial Real Estate Companies and Captives; a Natural Fit. You can sign up here.
We formed and operate the first series LLC in Montana (named Aegis) for captive insurers. Several other firms provide key services such as accounting, audit and actuarial work. Please contact us at 832.330.4101 if you'd like to discuss forming a captive for your company
The following article is based on the fact of Bruce Foods Corp. v. Tex. Gas Serv., (W.D. Tex., 2014)
From the case:
Plaintiff owns and operates a manufacturing facility in El Paso, Texas … that processes peppers and other vegetables. Plaintiff requires a steady supply of natural gas to operate the boilers at the Facility. Because harvesting and processing peppers is a time-sensitive operation, any interruption in Plaintiff's natural gas supply can severely harm Plaintiff's business.
Based on this one paragraph, a captive would benefit the company in several ways.
These are only a few of the policies this manufacturer could purchase from a captive insurance company. If you’d like to learn more, please call us at 832.330.4101.