Do You Want to Know a Secret?

Captive Insurance is no longer a secret

As business owners today are exposed to the many benefits associated with Captive insurance, the typical response is, “Why haven’t I heard of this before? Is it a secret?” In actuality, it never was a secret, as business owners have been using Captive Insurance for decades.  Captive Insurance is however, a powerful tool for qualifying business owners despite unfamiliarity of these simple yet complex insurance companies (Simple vs Complex? https://www.youtube.com/watch?v=dPVmriisZ5Y)

First, last, and always, these insurance companies are just that – insurance companies built to insure risk of your operating company(s).

This nearly 100-year-old insurance strategy has become cost effective for even more business owners today. Increased opportunities and revenue from Captive Insurance companies also means additional Captive Insurance models available in the market and continued updated regulations. Proper administration of the insurance company, as well as investment of Captive assets must be structured and managed properly in accordance with State Department of Insurance regulations and IRS guidelines.

Although familiar to the elite in the past, and unfamiliar to most, Captive Insurance has now become available to a far wider range of business owners in a cost-efficient manner. Thirty-six out of fifty U.S. states are actively seeking Captive business with their departments of insurance. Even though there has been, and will be scrutiny of Captive Insurance, the industry continues to thrive for more and more business owners each year.

Sadly, too many qualifying business owners fail to reap the many benefits of ownership. In these cases, the reason may be individually based, while my experience has repeatedly shown the number one reason is ignorance.

To find out if Captive Insurance is a legitimate option for your business, take the necessary time and action to educate yourself about Captive Insurance and learn what risks you currently have that may or may not be covered by traditional commercial policies – risks that are informally self-insured, under-insured, or not insured at all. More importantly, what exposures may or may not be covered in your own Captive Insurance company? Exposures may be very traditional, or they may be less common yet very much at the forefront of YOUR business. The risks insured in your Captive are the risks of your business.

The current Captive insurance industry in the United States is a multi-Billion dollar business. Additionally, we have Congressional clarity - Legislative action has given direction to continually increase the premium limits which are currently $2.85 million annually per insurance company per year – and the ability to increase these limits more in the future. Again confirming, as they have done in the past, properly structured Captive Insurance companies are effective risk management tools for business owners.

Transparency of all aspects of Captive insurance are provided and encouraged. Transparency is Alink’s fiduciary responsibility. Make this the year that you implement Captive Insurance – securing your risk and building wealth in the process. The question should not be “Is it a secret?”  The question should be, “How can I get started?” and create

Your Link to Security!

Rich Ericson, President

ALINK Captive Insurance Services

• Direct: 720-213-0583 • Email: Rich@ALINKcis.com •  www.ALINKcis.com