Transform Business Finances With Captive Insurance Formation Secrets

There are several types of captives, each suited to different business needs:

• Single-Parent Captives: Owned by one company to insure its own risks.
• Group Captives: Formed by multiple companies to share risks and benefits.
• Rent-a-Captives: Allow businesses to "rent" a portion of a captive, avoiding the costs of full ownership.
• Protected Cell Captives: Offer separate cells for different insureds, providing legal and financial separation.

Each type has its advantages, and selecting the right one depends on your company's size, risk profile, and financial objectives³.