Blog

Month: June 2016

You don't have to be a big guy to think big

June 22, 2016 by Richard McGregor

Historically, big-name brands such as Coca-Cola, McDonalds, Apple and Microsoft have reaped the many benefits of a captive insurance program. A captive is essentially an insurance company that is created and wholly owned by one or more non-insurance companies to insure the risks of its owner or owners. In the past, captives were only available to companies paying around $500,000 in premiumswith more than 90% of Fortune 500 companies having a captive. Today, many small and mid-size businesses are taking hold of the idea that you dont have to be one of the largest companies in the world to operate a war chest of cash strategy. A strategy that generates profits while providing extra risk protection. If it works for the big guys, why not trickle that same strategy down to a smaller scale for small and mid-sized business? The good news is that many companies are scaling down the giant captives model into their business. A new captive offering at Guy Hurley is lowering the barrier of

Posted in Captives
Michigan
1080 Kirts Blvd., Suite 500
Troy, MI 48084
248.519.1400
Florida
7264 Kyle Court
Sarasota, FL 34240
941.999.1900
Powered By
Copyright © 2015 - Guy Hurley
  • facebook
  • twitter
  • email