Captive Insurance

Captive insurance is an alternative risk management strategy that allows businesses to take more control of their insurance needs. A business can either establish its own insurance company, known as a pure or single cell captive, to cover its specific risks, or it may decide to join with other businesses in a group captive arrangement. These group captives share risks amongst members, offering the advantages of risk diversification and shared costs.

Both models provide greater control over insurance policies, potential cash flow improvements, and the possibility of lowering costs compared with traditional insurance.