What is the point of changing up the way you are buying insurance for your business? It is a question that a number of business owners ask us when we tell them about captive insurance and its many benefits. What we want business owners to understand is that captive is not necessarily a brand new type of policy that is going to get them some form of coverage they do not have right now. Instead, it is an entirely new way of dealing with insurance for businesses, where the businesses and their owners are taking full control of their insurance policies in a way they have never done before.
When you are a part of captive, you are a part owner in an insurance company that is serving all of your businesses in the best and most personalized way possible. Not only will you have a hand in designing and dictating the very policies that are going to go towards serving your business, but you will have a say in how the company is run as well. It all depends on how much of a stake you buy into the company, and how you mix with the other businesses who are also part owners.
If you are a little bit unsure about such a venture, we really encourage you to take a look at the company’s website to see what they are all about. Not only will you have the chance to read more about their history, philosophy and how they deal with business insurance, but you will also be able to see what businesses are already on board as being part owners of the company. It will show you businesses from all industries and of all sizes. If you run a business that needs insurance, you are someone who can benefit from joining up with this method of getting business insurance.