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Captives Supplement Conventional Insurerscapstone newsletter Most businesses have substantial risks that are not insured through conventional coverages. These uninsured risks tend to fall into two categories: (1) risks for which insurance, practically speaking, is unavailable or unaffordable in the conventional markets; and (2) risks that remain unconsidered or not properly identified. The latter arises because most businesses do not hire a risk manager that examines the business' exposures. Rather, the property & casualty agent merely sells the conventional insurance products that are readily available. Insurance policies contain many coverage exclusions, leaving a business exposed to many serious perils. For many business and professional organizations, key coverages are either unavailable, unafordable or mispriced. As an alternative to the conventional markets, a captive's policies can be custom designed to meet the particular needs of the insured. Uninsured risks also include those that a business simply has not appropriately thought through and identified. Many businesses have these type of risks. Business that do not comprehensively identify and/or insure for future risks arising out of their current operations are simply overstating current profits. The risks may include loss of key customer, loss of key vendor, loss of franchise, computer data risks, imparment of goodwill, product recall, equipment failure, etc. Many of these risks, once identified, can be assessed and insured, often though a captive arrangement. Very truly yours,
Stewart A. Feldman, CEO
Capstone Clients Enjoy Houston Ship Channel Tourvia Bayou City Pilot Boat In conjunction with one of our captive clients, Capstone recently provided a guided tour of the Houston
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