If you are a start-up or a fully developed business organization, no matter at what phase you are at dealing with your business, you would need insurance to keep it up while with any negative situations. A captive insurer is someone whose capital or profits or funds are completely owned by someone else known as insureds. The primary purpose of the captive insurer is to ensure or basically in financial terms ‘insure’, the risks of its owner’s losses, and benefit from the captive insurer’s underwriting profits.
If you are looking for something that would meet your needs in financial terms taking care of insurance and things related to it, here’s something for you, known as “Captive Resources”. An organization in the United States, formed around 35 years back, which was found with the inspiration by the financial crisis, in the mid-1970s, where the entrepreneurs had to forcefully pay the extra fund of their insurance which was not even profitable at the end of the day!
Capital Resources, LLC, is an independent captive insurance industry that is developed in the mission to empower the business needs and to control their insurance needs and following a safety practice preventing the loss of the capitals. They have over 40 group captive insurance companies that make a turn over of around $2.5 billion annually, which they have divided and have returned around $2.0 billion to their members and owners. So, Capital Resources, LLC, is not a new organization in the market, but an experienced player, that knows things well!
Services of theirs, to understand more
Captive Resources captive insurances, support every aspect of their client’s captives or the insurances, from safety, claims advocacy to the operational oversight, including the risk management techniques, ﬁnancial services, investment services and many more. Serving around 40 group capitals, that include more than 4,500 businesses and organizations, for more than 35 years, has been great at offering the best services which are not a small thing. But, Captive insurers often have significantly less capital or profit than those of commercial insurers, and also they have no protection for the insureds from state guaranty funds. And, this is not something you as a small business need to worry about, that’s theirs!
So, you being a business group, it is always awesome to get your capital insurance with the help of Captive insurance industry that has already huge experience in this field, so that the risk factors of the financial crisis are really low.