Jul 21 2011
Rent A Captive: Save On Insurance Costs
Rent a captive is steadily becoming a popular option for both big and mid-sized firms that clamor for more reasonable premium rates in the light of the skyrocketing cost of getting business and other forms of insurance. In layman’s terms, a captive is an insurance company established by a parent company for the sole purpose of underwriting the parent’s risky business. Since its establishment, such type of insurance has always carried with it an element of risk management.