The Definitive Guide to Captive Insurance

By definition, captive insurance is a risk-financing mechanism in which an organization insures itself against future losses. In a tough insurance market where premiums are high and presents other challenges, captives offer an opportunity to manage risk more efficiently. However, trying to grasp the ins and outs of captives can quickly become overwhelming. As you explore and consider the option of captive insurance, this definitive guide will help you understand what a captive is, how a captive makes life easier, whether you need a captive, the common captive uses, and how to introduce a captive as a risk management tool to your executive team.