What is Captive Insurance?
A lot of people ask us about captive insurance and what it means. We are here to tell you all about captive insurance and how it works. The first thing that you need to know is that the captive insurance industry is not a different type of insurance. The types of insurance that you would get from captive are the same as you would get from any of the major insurance companies in the United States. What is unique about captive is the way that insurance is being offered to businesses in the country. Here is a lowdown of what is unique about captive:
The company is based on a concept where you are buying into the insurance business. The captive insurance company is part owned by businesses of different sizes and from different industries. Each of these businesses owns a specific amount of stock in captive, which means they have a say in how this insurance company is run. And if you are invited to receive insurance from this company, it means that your business has the same chance of asking for a share in captive. And we believe that it is an opportunity that your company is not going to want to pass up.
The reason why this is such a great opportunity is because you are going to have a huge say in how you are getting insurance. While your individual stake may be low, there are so many businesses that are pooling together in this process. And while each business has its unique way of doing things, you are all businesses at the core. And every business wants insurance in a similar way. So you will end up with policies that are cheaper, customer service that is infinitely better, and coverage that far exceeds what you could get anywhere else.