When it comes to managing your business’s liability insurance, exploring alternatives beyond traditional coverage can open up valuable opportunities. Two popular options are risk retention groups (RRGs) and captive insurance companies. Both offer ways for your business to pool risks, reduce costs, and gain greater control over their insurance programs. Understanding how they differ will […]
Before defining group captive insurance, let's first answer the question, "what is captive insurance in simple terms?" Captive insurance is an alternative to traditional insurance where a business provides coverage for their own insurance risks by joining or forming their own licensed insurance company. When a business forms their own captive without anyone else, this […]
At Gregory & Appel, we often get asked, "What is captive insurance, and how can it help my business?" Captive insurance is when a business, or group of business, join together to create their own insurance company that they collectively own. Captives give businesses more control over their insurance and risks. They can cover things […]
Captive insurance, often referred to as a “captive,” is an alternative to traditional insurance where a company or group of companies provide coverage for their own risks by forming their own licensed insurance company. The term “captive” originated in 1962, when engineer-turned-insurance-broker Frederic Reiss founded the first captive insurance company as a way to retain […]
While open enrollment can be challenging for employees across the board, younger workers are especially likely to need extra support since they’ve had less experience with benefits than older colleagues. For many, it’s the first time they’re actively choosing a benefits package. Gen Z—defined as individuals born between 1997 and 2012—now makes up a growing […]
Every day, we're faced with risks in our personal lives. Those who have experienced great career and personal success are unfortunately susceptible to risk factors unique to their lifestyle. Protecting your personal assets, your family's wellbeing and your future earning potential isn't just possible – there are strategies your personal insurance advisor can put in place […]
