Captive Insurance Tips & Articles

Self-Insurance: The Lion, Dr. Palmer, and the Cost of Reputational Risk

Could self-insurance be the ticket to avoiding reputational risk? We can answer the question by taking a critical look at the story that captured the attention of everyone with a pulse and sparked debate all over the world—the story of Dr. Walter Palmer. The collective uproar on social media was deafening, with scathing commentary. Dr. Walter…
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The Dangers of Underinsurance: Industry Perspectives

Underinsurance and Its Rippling Effect Insurance agents have an understated, but important burden to bear. As quintessential salesmen, it is imperative for them to obtain a foothold in the insurance marketplace with a value proposition that rings louder than the talking geckos and the “Flos” of the marketing world. Even more poignantly, it is their…
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In Memoriam: Saying Goodbye to Unethical Captive Insurance Planning

By now, you’ve probably heard about the IRS’s list of so-called “abusive tax structures” or alternatively, the “dirty dozen.” Each year, the Internal Revenue Service puts America on notice, warning corporate moguls and freelance part-timers alike to steer clear of unlawful schemes that might allow them to skate by on their taxes. It is a…
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Can Oil and Gas Companies Be Saved by Captive Insurance?

It was something of an amazing feat. In the U.S., the average price of gasoline went from $3.70 per gallon down to less than $2.00 per gallon in the course of three months at the end of 2014. In the new year, the trend continues, putting both big oil and gas companies and private contenders…
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Supercharge Your Alternative Risk Planning with a Captive

Operating a business requires a constant, unwavering resolve to improve, tighten up, and mold a company into the well-oiled machine it was meant to be. Anticipating the “what ifs,” protecting assets, and covering losses are sure-fire ways to ensure that operations remain intact. While insurance coverages in the conventional market provide some level of security,…
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Tips for Choosing the Best Captive Insurance Planning Company

AIG. Liberty Mutual.Travelers. Farmers... Conventional insurance is offered by some well-known companies, but as anyone who’s been denied a claim will tell you, exclusions found within conventional policies could thwart even the most well-intentioned insurance efforts of a business owner. Enter captive insurance, a sophisticated business and insurance planning tool that will cover a business's…
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Using Captive Insurance Companies to Manage Cyber Risks

Cyber Risks In New York and Across the U.S. New York State, home to 19.7 million people, suffered an astounding 900 data breaches in 2013, an estimated loss of $1 billion. What’s worse is that incidents of data breaching had more than tripled between 2006 and 2013. The New York Attorney General's office reported the…
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Captive Insurance Companies: What Your CPA Isn’t Telling You

As a business owner, it is your job to ensure that your company remains financially secure. Enlisting the services of an experienced CPA to handle corporate tax-related issues is a delicate task, since the level of tax liability can make or break the financial standing of the company. This kind of work is typically embedded…
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Ownership of Your Captive Insurance Company – You versus Someone Else

Update: New legislation passed in 2015, effective in 2017, affects ownership rules for captive insurance companies. See our official announcement. The idea of self-insurance isn’t a new one. People from all walks of life have been stocking away funds for the inevitable, albeit unpredictable, rainy day. In business, these provisions have become an integral piece…
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