Do you have $10 million in gross revenue, pre-tax profit of $1 million or more, or have more than 50 employees? If you answered yes to any of these questions, a captive insurance company may benefit you. A captive insures the risk of its owner(s). It issues policies, collects premiums, and pays claims. Ninety percent of S&P 500 companies use captives. A captive can improve cash flow, control risk, minimize insurance costs, and accumulate wealth. Not only can a captive lower the cost of insurance, it can also insure hidden risks such as:
- Deductibles
- Construction Defects
- Operating Risks
- Directors & Officers, Executives & Officers
- Litigation Defense
- Credit Default
- Exclusions
- Disability
- Pollution & Mold
- Administrative Actions
- Product Warranty
Charlie Davis is an experienced attorney in captive insurance. Contact him today for a confidential consultation to determine whether you will benefit from a captive insurance company.