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A Business Case for Captive Insurance
A common question prospective captive insurance company owners ask us is to “make a NON-TAX business case for captive insurance.” Surprisingly, we don’t get asked as often about captive insurance structures or best practices. YES, we can easily make ...
Advantages of Captive Insurance Companies
If you’re a business owner, you’re probably all too familiar with paying vastly more in premiums than you ever receive in a payout. In our experience, this is the reality for 99% of even the most successful organizations. Now, we're not trying to ...
Balanced Billing vs. Captive Insurance and Reference-Based Pricing
When it comes to medical insurance, you may have heard some negative things about balanced billing. What’s the truth and how does it compare to referenced-based pricing?
Captive Insurance and the Pandemic
2020 has been one of the most challenging years in recent memory. Businesses and those that couldn’t fail to survive were forced to adapt. Organizations with a good captive insurance structure managed to adjust to the new business environment. ...
Captive Insurance Predictions for 2021
Growth Opportunities in the Post-Pandemic Era 2020 may have been one of the most challenging years in recent memory, but it was incredibly successful for captive insurance companies. 2021 is a year that has the potential to be even better. It is an ...
Dangers of Risk Pooling
Core Requirements Want to learn what it takes to be considered a valid captive insurance company? Well, the Internal Revenue Service (IRS) says you’ll need two things: risk distribution and risk shifting. These are also two elements that make a ...
Enhance Risk Management: Captive Insurance for Property Coverage
Property insurance has become a thorny issue, especially for those owning high-value coastal properties, as they face exorbitant premiums and limited coverage options. This crunch results from factors like escalating claims from natural disasters, ...
Maximize Protection, Minimize Costs: Captive Insurance in General Liability
Securing the right general liability coverage can be challenging, especially when traditional insurance solutions fall short. Business owners like you often face the frustration of rising premiums and policies that don't quite fit your unique needs. ...
Taxation of 831(b) Insurance Companies
Much of the implications of 831(b) are the same as 831(a) but with a few caveats. So, hang in there because most general information is the same, but it bears repeating — especially if you haven’t read our previous articles..jpg?width=450&height=250&name=GettyImages-487191420%20(1).jpg)
The Cayman Islands: A Premier Destination for Captive Insurance
Captive insurance is becoming an increasingly popular strategy for businesses looking to manage risk more cost-effectively. Instead of relying on traditional insurance, companies form their own captive insurance companies. This strategy allows them ...
The Cayman Islands: Unlocking Offshore Captive Insurance Potential
Choosing the right domicile for your captive insurance company can significantly impact your business’s risk management strategy and financial stability. With numerous onshore options like Vermont and Delaware gaining popularity, it’s easy to ...
The Million-Dollar Medical Secret: Slash Your Group Insurance Costs
Health insurance costs are surging at an alarming rate, impacting businesses across the United States. In a startling forecast, experts predict that 2024 will witness the most substantial increase in group insurance expenses in over a decade, with ...
The Power of Extended Warranty Captives in Risk Management
Extended Warranty Captives: Transforming Customer Guarantees into Business Assets When your customers purchase an extended warranty, they're buying more than just extra security for their products—they're investing in peace of mind. Offering ...
Understanding the Taxation of 831(a) Insurance Companies
Under the tax code law, business owners are permitted to create what is referred to as “captive” insurance companies to mitigate certain risks. Under the traditional captive insurance law, the insured business owner can claim deductions for any ...
What is a Risk Pool?
Captive insurance companies are primarily responsible for underwriting risks for their parent company. The sole purpose of creating captive insurance companies is to manage risks. However, there are other things the parent company stands to gain ...
Why 831(b) Insurance Companies are Still Viable
For many business owners, forming a captive insurance company to mitigate risk and increase profits is an excellent choice. There is a lot of information on captive insurance companies and the concept's terms. However, some of it can be a little ...Sorry!
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