You insure people in the community day after day, protecting their investments and giving them peace of mind that all is well, even if disaster strikes. However, who is there to protect your investments and your company? You’ve worked hard to accomplish your status in the community, but it could be taken away at any time. Luckily, you can turn to the Captive insurance industry to find the help that you need.
Captive insurance provides insurance to insurance companies! It is pretty simple, in reality, it doesn’t matter your location, the size of your business, or other factors. You can get insurance for your insurance company! These companies provide an array of types of insurance that protects your company, from workers compensation coverage to general liability and more. Just like you offer deductibles and policy amounts to your customers, so to do the captive insurance providers.
It is an alternative market, since most of the insurance companies are owned and operated by policyholders. It is unique and certainly gives you a fresh perspective of an industry that you probably know like the back of your hand. There are always risks associated with an alternative market, but captive insurance has been successful in its time and has established a name for itself within just a few years of time.
No matter the size of your insurance agency or the length of time you’ve had the doors open, it is important that you protect what you’ve worked so hard for. You can never take this precaution too soon. So many infractions could send what you’ve done crumbling down the drain very quickly. That is not the type of experience you ever want to remember in your life. Insurance your insurance company and that worry is one that is minimized.