Overview of Captive Insurance Companies
There are a few advantages that captive insurance offers a business owner. The following are the advantages:
- Captive insurance allows an owner of a business to insure certain risks that are generally financially prohibitive to insure.
- Captive insurance allows an owner of a business to obtain coverage that would not otherwise be available.
- Captive insurance allows an owner of a business to obtain certain tax advantages.
A captive insurance company can be internationally or domestically based.
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The best defense is a good offense.