Insurance can be a difficult and expensive field to navigate, especially if you are the consumer. However, there are options on the market that make it affordable to you and give you a hand in decision making. This is an explanation of group captives.
What Is Group Captive Insurance
When you invest into an insurance company to own a piece of it, this means you are part of a captive insurance company. You have an equal say in the decisions made for the company and determine the coverage offered. If you do this as a group of people, you become a member of group captive insurance.
Types of Group Captives
There are two divisions in this type of company. Homogeneous captives are people involved in the same sort of business or happen to be involved in the same industry. Since they have much in common, they know what they … Read More