Types, Benefits, and Issues to Consider
Captives
Captives can provide a stable insurance program and the ability to participate in underwriting profits. Alternative Risk Consultants will coordinate the many disciplines such as access to fronting carriers, claims handling, and loss control services.
Types & Benefits of Captives
Types of Captives
- Single-Parent
- Rent-a-Captive
- Association/Group Captives
- Risk Retention Groups
Important Issues to Consider
- Domicile/Reputation
- Single Parent Vs Rent-a-Captive Structure
- Management Fees & Outside Costs
- Claims and Loss Control Services
- Risk Distribution/Transfer/Safe Harbor Guidelines
Benefits
- Provide a stable insurance program
- Participate in underwriting profits
- Create a Risk Management Profit Center
- Enhanced Insurance Coverage
- Potential Tax Benefits