"We help entrepreneurs protect what they’ve already earned so they can continue to grow"
A captive insurance company (or "Captive") is an insurance company that you own. For example, suppose your company is named Acme Manufacturing. After forming the captive, Acme Manufacturing would be the owner of Acme Insurance Co., which would then sell insurance back to Acme Manufacturing.
"What kind of insurance?" you ask. There are a number of "standard" captive insurance policies. One of the most popular is legal liability, which simply pays for an attorney in the event you're sued. There are a host of others which are usually excluded from other insurance policies.
In addition, it's entirely possible that you have a risk that you can't find appropriate coverage for. Or, you've had a bad experience with one of your commercial carriers and want to avoid that problem in the future. Maybe you'd like to draft your own policies. These are a number of the reasons people form a captive. There are others. Please call us at 832.330.4101 if you'd like to learn more.
Please contact us at 832.330.4101 if you have additional questions