A Small-Business Owner's Guide To Captive Insurance
Law360, Los Angeles (January 13, 2016, 3:25 PM EST) -- A rising number of small-business owners have opted in recent years to form their own captive insurance companies — in-house insurers created specifically to cover risks of the parent company — to fill in gaps in coverage and reap tax benefits. Here, Law360 examines the potential benefits and pitfalls of small captives.
Enhanced Insurance Coverage
While Fortune 500 corporations have been setting up captive insurance companies for decades to help manage their risks, more and more small-business owners have recently taken to establishing captives in order to shore up their insurance coverage programs.
A small business can form a captive, which...
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