What many in the business world are finding today is that they have been leaving money out on the table by just doing some things without thinking. There are, of course, some costs that people never question. They have to have insurance, right? They just pay the bill to ensure they can rest easy at night. What if there were other options to allow business owners to become more efficient? A captive insurance broker might tell you that these options exist. More, they might tell you that many industries are using captive insurance to help their companies save money while getting better coverage.
What is captive insurance coverage? Truly it is quite simple. Rather than a company paying premiums every month or year to a big insurance company that covers lots of different types of entities, the company will join together with other companies in the same industry to come …