Expert Captive Insurance Secrets Transform Your Financial Future
There are several types of captive insurance structures, each catering to different business needs:
- Single-Parent Captives: Owned and controlled by one company, these captives insure only the risks of their parent company.
- Group Captives: Formed by multiple companies, these captives spread risk among the members and can offer broader coverage options.
- Rent-a-Captives: Allow businesses to "rent" the captive's capital and infrastructure without owning the captive itself.
- Protected Cell Captives: These captives segregate participants' assets and liabilities, providing an extra layer of protection.