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Captive Insurance Program

What is it?

A captive insurer is generally defined as an insurance company that is wholly owned and controlled by a company to insure the risks of its owner (corporation).  The owner of the captive insurer benefits from the captive insurer’s underwriting profits.

What makes this product better:
  • Provides enhanced risk management for corporations

  • Insures risks outside of the normal commercial property and casualty coverage

  • Provides additional coverage if the corporate is under insured

  • Covers other risks that are not available on the commercial insurance market

  • Insures the deductible of the commercial property and casualty coverage

  • Provides tax benefits

  • Tax deductions on premiums paid by the client

  • Income tax savings for both the captive and the parent company

  • Estate and asset protection

  • Estate tax savings for the corporate shareholders

  • Provides asset protection from business and personal creditors

Applications for Captive Insurance Program:
  • For corporations looking to enhance their risk management strategy

  • Corporate shareholders looking for additional accounting and tax benefits

  • Estate planning and wealth transfer

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