Transform Your Future With Captive Insurance Formation Expertise
There are various types of captive insurance companies, each suited to different business needs.
- Single-Parent Captives: Owned by one company, providing insurance to its parent and affiliates.
- Group Captives: Formed by multiple organizations to cover similar risks, often in the same industry.
- Association Captives: Established by trade associations for their members.
- Rent-a-Captives: Allow companies to "rent" a captive's capital and infrastructure without owning it.
Each type offers unique advantages, and the choice depends on your business's specific risk profile and financial goals5.