Blog | Guy Hurley

Author: Richard McGregor

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

By Richard McGregor
June 22, 2016 Category: Captives

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

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