Rather than buying an insurance policy for their employees, some businesses choose to create a captive insurance company. A captive insurer is an insurance company created, owned, and controlled by the parent company.
One of the primary benefits of forming a captive insurance company is having greater control over the costs, risk management, and strategies involved in insurance coverage.
At Cummings Insurance Agency, we help many corporations through the process of creating captive insurance companies.
If you want to know more about the process and find out if a captive insurance company is in the best interest of your business, contact Cummings Insurance Agency today.
Contact Cummings Insurance Agency today to speak with a licensed agent and consultant about whether forming a captive insurance company is right for your business.