Understanding Captive Insurance
It is so important that businesses are aware there is a new way for them to buy and use insurance. So many businesses think they only have one option: finding the right insurance company. And it is understandable they would think in this way, because so many people have no clue about captive insurance companies and what they can offer. That is why we want to talk with you about this type of insurance right now. And we want to show you how you can do better than what you are getting right now. First we will mention some of the issues with insurance companies these days.
The main problem that you are going to get as a business when you buy insurance is that you are dealing with a company that wants to ensure you make them as much money as possible. And if that means they are going to short change you on a settlement, or hike your rates for very little reason, then that is what is going to happen. And you will have no choice but to go with it, as you are unlikely to get a better deal anywhere else. But what can you do about it? We can help in this area.
What you are going to do is check out the captive insurance method. What happens in this method is that you are taking control of the insurance company that is offering you policies. It means that you can buy into that company and have a share in it. That means you are a part owner of the very company that is out there giving you insurance. Other businesses can do the same. That makes it a business owned insurance company, which makes so much sense. Now it can serve you in a way that is business friendly, not just geared to make profits.