Captives

What are Captive Insurance Companies?
“Captives offer unparalleled benefits for the companies that use them. They allow a company to obtain insurance coverage that is tailored to its unique risks, rather than the standard coverages provided in commercial policies. Captives also allow a company’s risk to be judged on its own merit, rather than being charged a premium that is based on the risk of its entire industry. Captives also provide tax benefits for the companies who use them and often provide claims handling services that are substantially better than the service provided by commercial insurers.”- R. Wesley Sierk III, author of Taken Captive