Insurance is an important financial product that protects us when mishaps occur. There are many types of insurance available from many different companies. Captive insurance is among the types of insurance available. A company that sells captive coverage is a subsidiary established by a commonly owned business. Captive companies reduce worry and help consumers get the coverage they need with fewer risks.
A Look at Captives Companies in the U.S.
Over 5,000 captives exist in the United States. These captives offer coverages in all industries at prices far less than most people would imagine possible to pay. It’s important to compare captives before opting for coverage. Just like other insurance companies, captives set their own rates and the prices vary significantly from one company to the next.
Benefits of Captive Coverage
Captive coverage is a special type of self-insurance. It offers many advantages for its users, which include:
· You can earn money with captives
· There is less risks involved with captive coverage
· Policies for auto, health, life, and many others
· Available to anyone who needs insurance protection
The perks listed here only begin to detail the many that come your way when you opt to use captives and self-insure. More and more people are using self-insurance these days than ever before. Perhaps it’s the right type of coverage for your needs as well.
Get the Protection That You Deserve
It is important that you are protected by insurance, but it’s even more important that the right company protects you. Captive companies are great for people who want to maintain control over their finances and their future. Could this coverage be right for your needs? It’s the right choice for thousands of people. The best way to learn this information first hand is through comparisons.