Your Guide to 831(b) Captives

In 1986, the Internal Revenue Service (IRS) added 831(b) captives to the Internal Revenue Code for the purpose of creating a more uniform tax code for mutual and stock property casualty insurance companies. Prior to the enactment of this Internal Revenue Code, three layers of taxation existed for insurance companies depending on the amount of  … Read more

How Captive Management Can Help Your Business

Insuring your business can be tricky, and captive insurance offers some unique benefits. However, if you decide to foray into the world of captive insurance, you should consider working with a captive management company. Here are a few ways captive insurance management services can help your business. You Reap Financial Benefits Normally, when you buy  … Read more

How Are Captive Insurance Companies Taxed?

With captive insurance, a business or a group of businesses essentially creates its own insurance company. This option generally exists in contrast to buying insurance from a provider or opting for self insurance. There are numerous advantages to captive insurance, but before taking the leap with your organization, you may want to look at some  … Read more

How Risk Retention Groups Help Assisted Living Centers

Running an assisted living center undoubtedly comes with risks of all sorts. In that case, protection is vital to protect your business from substantial loss. If liability insurance is eating away at your cash flow, you may be exploring the possibility of some form of self-insurance. Risk retention groupsĀ are a way to up your liability  … Read more

What is Risk Retention?

Every successful risk management strategy should include insurance. The first thought is to incorporate traditional insurance in your plans, but not every business benefits from it. If more companies took a look into risk retention and its benefits, they would understand why it may be a more logical part of their business process. Risk Retention  … Read more

Risk Retention for Assisted Living

Traditional insurance policies are not appropriate for every situation, and one of the many alternatives is a risk retention group. Essentially, risk retention groups are insurance companies established by a group of businesses or other entities in the same industry, and their role is to provide liability coverage for the owners or institutions involved in  … Read more

Learn More About Venture Insurance Programs

Venture insurance programs are all different types of captive insurance. Essential with captive insurance, the insurance company is owned by the insured party. The insured invests money into the insurance company and may face losses, but the insured may also earn money from this innovative insurance structure. However, that is not the most important part  … Read more

Insurance Company Regulatory Compliance: What You Need to Know

The world of insurance company regulatory compliance can be complex and difficult to navigate. To make sure your insurance company stays compliant with relevant government and industry regulations, you need to stay on top of the ever-changing updates to the compliance environment and be prepared if you are ever faced with a regulatory audit. It  … Read more

Financial Risk Management and Cyber Crime: How to Protect Your Business

If you own a business, you need to spend some time focusing on financial risk management. Your business risks losing money through internal theft, chargebacks (when thieves use credit cards in your store and the card issuer refuses the charge), online scams, and countless other threats. Risk management involves assessing current threats and making a  … Read more

Using an RRG to Customize Your Captive Insurance Options

Some of the main reasons to opt for a captive insurance structure are flexibility and control. In some ways, a Risk Retention Group, or RRG, can take those elements to another level. There are some limitations to this structure as well, but if leveraged properly, RRGs can be utilized to as part of your captive  … Read more