A ‘Captive’ is an Insurance Company specifically designed and created to insure the risks of an Organisation, Company or Business.
Establishing a Captive for your own Company has significant advantages to your business relating to your own attitude to Risk Management, projected Company earnings and expenditure and also Company Tax Planning and Forecasting.
Conventional mainstream ‘off the shelf’ Insurance Products are often limited and restricted in coverage required by certain types of businesses and operations.
With the creation of your own Captive Insurance Company, your business exposures can be minimised and insured with tailor made bespoke Policy Wordings written in plain English you have agreed to.