In this video, Courtney Boles of Management Services International walks through the key steps business owners should consider when forming a captive insurance company. The discussion begins with defining the purpose and goals for the captive, identifying the risks to insure, and partnering with an experienced captive manager to guide the process. Viewers will learn how to evaluate risks, engage actuaries and underwriters, determine structure, address fronting and reinsurance needs, and finalize both incorporation and licensing requirements. The video also explains integration steps such as establishing bank accounts, issuing policies, reporting claims, and preparing for ongoing governance responsibilities, including annual meetings and regulatory filings.