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Traditionally, businesses have managed risk by
transferring it to an insurance company or, alternatively,
by retaining the risk and allocating funds to meet
expected losses through an arrangement known as self
insurance. Captive insuramce is an alternative risk
management technique (ART) where a business forms its
own insurance subsidiary to finance its retained losses.
The term "captive" comes from the fact that the policy
holder owns the insurance company and the insurer is
captive to the policy holder. If the captive only insures its
parent and affiliates it is called a "pure captive."

If you are a business owner or risk manager looking at
alternative risk management strategies for your
business, you know the stakes are high and the options
are not always clear. Captives are one option, but what
are the risks and benefits?

JM Niland and Associates can help you navigate the
process of captive formation and management and
decide if it is right strategy for your business. From initial
feasibility and best practices consulting to full outsourced
services, our team can provide the education and
expertise to help you navigate this important alternative
risk management technique.