Feeling Exposed (By Gaps In Your Commercial Insurance)?
- Amanda Luby
- Jul 2
- 1 min read
The article linked below discusses the "growing disconnect between coverage expectations and insurance realties in the construction sector."
Those of us in the insurance business, however, know that the "growing disconnect" is NOT restricted to the construction industry. Every segment of enterprise faces coverage gaps due to rising premiums and narrower commercial insurance policies.
So what's the solution? Or, at least, what's one solution?
Captive insurance is one such solution.
What's captive insurance?
It's insurance issued by a privately-held insurance company that is a subsidiary or affiliate to the operating business that needs insurance. So, in laymen's terms: it's an insurance company that you own.
Historically, captives have excelled at plugging in the gaps in coverage that the commercial marketplace leaves. Now, with captives insuring approximately 25% of all organizational property/casualty risks, entities are incorporating them into their business plans as essential risk management tools. With captives, there is no cookie-cutter. One receives tailor-made insurance policies that address the unique risks of each business. Businesses no longer have to feel so exposed with insuring themselves. Curious about how one could fit into your organizational profile? Contact one of the executives at Alliance Captive Management to learn more.
866-570-5794
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