Captive
A Captive is generally defined as an insurance company that is wholly owned and controlled by its insureds; its primary purpose is to insure the risks of its owners, and its insureds benefit from the captive insurer’s underwriting profits.
Why a captive?
- Broader coverage,
- Stability in pricing and availability,
- Improved cash flow, and
- Increased control over the program
- Construction
- Manufacturing
- Aviation
- Transportation
- Municipalities
- Government Contractors
- Agriculture Farm and Ranch
- Real Estate
- Food Services
- Auto Groups
