The role of captive insurance companies has undergone a remarkable metamorphosis in the ever-evolving landscape of modern business. Captive insurance has transcended traditional risk mitigation to ...
Oliver Hahn, the cofounder of Peak Insurance, is making captive insurance more accessible to medium-sized companies. After becoming the Head of Finance at Kyte, a small US-based company for rental ...
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Is Captive Insurance a Legitimate Tax Shelter?
Captive insurance can have perfectly legal tax and financial benefits, but some companies go too far Reviewed by Lea D. Uradu Fact checked by Vikki Velasquez All businesses need to protect themselves ...
A recent article by David J. Slenn, former Chair of the American Bar Association's Committee on Captive Insurance, highlights a significant risk for captive insurance arrangements that are insuring ...
Why form a captive insurance company in the first place? As a basic example, assume a doctor is paying $500,000 per year for medical malpractice insurance, an ordinary and necessary business expense.
So, let's say that you are a captive manager who has made a business selling risk-pooled 831(b) captive insurance companies as, well, let's just be honest for a second here, tax shelters. This is your ...
This can shift profits back to the owner and secure additional revenue with low claims risk, according to James Stuart of Hub International. The rising cost of insurance premiums and deductibles has ...
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