Whose Insurance money is it anyway? Captive insurance is exploding in both popularity and practicality. Once reserved for only the Fortune 500, this self-insuring concept in which a company sets aside funds to act both policyholder and insuror is becoming the rsik-management solution for large and even mid-size firms. While mainstream insurance premiums soar to the stratosphere, more state legislatures are not only allowing, but fiscally encouraging captive insurance. Host Bart Jackson invites sage tax counsel Mark MacDonald as guest to examine the possibilities of captive insurance - and help you learn how to figure out the benefits, whom to select a service provider, what kind of structures to use, and what blunders to avoid.
Once thought to be reserved for only the Fortune 500, captive insurance programs are becoming more increasingly numerous, practical, and thrifty for mid-size firms. As mainstream insurance premiums head for the stratosphere, companies are opting to managing their insurable risk
The concept of a company using its own earmarked funds to establish a program in which it is both policyholder and insuror dates back to the 1950's. But now, with mainstream insurance premiums soaring to the stratosphere, and state legislatures making the process more allowed and affordable,
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