What is Captive Insurance?

May 30, 2025
Businessman with insurance shield, factory, coins, gears, and checklist representing captive insurance strategy

Captive insurance is a strategy used by businesses to manage their own risks, often offering advantages such as lower insurance premiums, tailored coverage, and tax benefits. But what exactly is it, and how does it work? What is Captive Insurance? Captive insurance is a type of self-insurance where a business creates its own insurance company…

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Self-Insurance: What It Is, How It Works, and Its Pros & Cons

February 27, 2025
Cartoon-style illustration of self-insurance showing a protective umbrella over money, a piggy bank, and documents symbolizing financial risk management and security.

What is Self-Insurance? Self-insurance is a risk management strategy in which an individual or a business sets aside a reserve of funds to cover potential losses instead of purchasing a traditional insurance policy from an external provider. It is typically used for predictable, high-frequency, and manageable risks. Self-insurance can apply to various areas, including health…

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