Captive Insurance Tips & Articles

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…

You have a perfectly good insurance policy in place. You feel confident that if your business suffered a loss, you’d be able to bounce back in no time flat. But what happens when those losses fall outside your insurance policy? Do you keep paying high premiums for additional coverage? And what other benefits does your…

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,…

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…

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…

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…

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…

You’ve got to spend money to make money. And you DO. The money you have invested pays for overhead, insurance, and a dependable supply chain. You’ve put skin in the game to ensure that your business runs without glitches, hiccups, kinks, or stagnation. But as with any good intention (and the capital to back it…

You’ve forged ahead. You have demolished any ambiguity surrounding your risk management program and uncovered a new tradition of protecting what you’ve built. You, my friend, have formed a captive insurance company. And for this, we pay homage. Forming a captive requires staying informed about changing regulatory requirements, industry evolution, and common pitfalls in the…