How Alternative Insurance Structures Can Benefit Your Business

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Business Insurance

In recent years, many companies have been exploring alternatives to traditional insurance plans. Instead of opting for a package from a standard commercial organization, companies of all sizes are selecting rental captives. This structure is quite similar to the traditional commercial arrangement, but it can provide a number of unique advantages. Take a moment to review these points and see if this is a good fit for your company.

The Way a Captive Program Works

There are a number of advantages you can expect by utilizing captive insurance programs. The primary reason that this model has become so popular in the last few years is because it allows for more control. Not only will you have an easier time insuring high-risk projects that would otherwise be uninsurable, you will also gain access to affordable packages that are only available through the cell itself. This control over your available capital can be a huge benefit in and of itself. Other advantages to a cell structure include:

  • Profits from underwriting 
  • Effective risk-management options
  • Flexibility with options 

Review the Alternatives

Taking time to review all of your options can be crucial to your success with insuring your business. Look over how an alternative like a cell captive can benefit your business and determine if this structure is right for what you’re trying to achieve.

This post was written by , posted on January 7, 2021 Thursday at 8:44 am