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The COVID-19 Pandemic: Opportunities and Implications for Captive Insurance

The COVID-19 Pandemic: Opportunities and Implications for Captive Insurance

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Enterprise Risk Coverages and Captive Insurance

Mark Sims
December 17, 2018

A new Captive Thought Leader Video featuring Mark Sims, vice president of business development for Captive Alternatives, LLC, and titled "Captive Insurance and Enterprise Risk Coverages," has recently been added to the Captive.com video library.  

Mr. Sims says businesses want to know what type of risks they can insure inside their own captive insurance company and they are often concerned about enterprise risk such as loss of a key customer, weather-related events, data breaches, or cyber attacks. 

These coverages can be purchased in the commercial market, but they typically are not because the probability of these events is low. However, if such events occur, they can be financially catastrophic to the business. Prefunding these risks inside a captive insurance company can help the business owner sleep better at night.

If claims don't occur, businesses can keep the underwriting profit and investment income based on good risk management and will be covered if an event ever occurs. Business owners insure these enterprise risks in addition to workers compensation, general liability, or healthcare risks inside a captive insurance company.

There is no cost to view the videos, and you will find them in the Captive Thought Leader Videos section of Captive.com. More videos will be added in the future.

(Mr. Sims is pictured above.)

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