Group Captives: Good Solution for Contractors

 
Industry Applications | Michael O’Neill | CEO & President | ACIG 

Michael J. O'Neill of ACIG describes some of the advantages for contractors who use group captive insurance companies to handle risk management. Contractors face a number of different daily job risks and have a very high cost of risk compared to other industries. Using a captive insurance company gives the contractor control over the pricing of risk, the coverages provided, and the claims-handling process.