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
Commercial General Liability Policies (“CGLs”) either provide no coverage for employee theft or have a very low maximum payout. This is unfortunate, because embezzlement is common. Consider the following points from a 2012 report by the Association of American Fraud Examiners:
The conclusions raise a number of disturbing possibilities, such as:
Employee fidelity is a very common captive insurance policy for all the above stated reasons. If you would like to learn more, please contact us at 832.330.4101.