Captive insurance management throughout Warren, Hamilton, Butler, Clermont and Montgomery counties.

Captive insurance is a unique way for a business to insure itself. In many cases it can improve a business’ tax position and help to avoid legal pitfalls. Could captive insurance be an option for your business?

Captive insurance has nothing to do with kidnapping. Rather, it’s a completely different way for a business to insure against risks. In effect, the business sets up a separate legal entity (a “captive insurance company”) that acts as the insurer itself, rather than taking out a policy with a traditional insurance company.

Common reasons for doing this include:

  • Having greater control over insurance costs
  • Covering risks that mainstream insurers don’t or won’t cover at a viable premium cost
  • Removing the headaches of waiting for claims to be processed and the risk of payout disputes
  • Possible tax advantages

Legally, the business itself will own and control the captive insurance company. In practice, it often makes sense to get outside experts to oversee the day-to-day management. This is partly to reduce the administration and bureaucracy involved and partly because managers can lend their insight on ways to improve the tax position and avoid any legal pitfalls.

If you think captive insurance could work for your business, or would like to learn more about this type of commercial insurance, contact us today to discuss how we may be able to help.

Let’s discuss your captive insurance.

One of our insurance advisors will reach out to you to review your information and present you with the appropriate captive insurance solution. There’s no obligation, just good-old-fashioned advice.
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Jeff Williamson Insurance LLC offers comprehensive captive insurance management throughout Ohio including, Lebanon, South Lebanon, Maineville, Waynesville, Mason, West Chester, Cincinnati, Springboro, Morrow, Loveland and the counties of Warren, Butler, Hamilton, Clermont, Clinton and Montgomery. In addition to Ohio, we are also licensed in Indiana, Kentucky, Tennessee and Pennsylvania.