Using Captive Insurance Companies for Savings

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Using Captive Insurance Companies for Savings

Small companies have been copying a method to control insurance costs and reduce taxes that used to be the domain of large businesses: setting up their own insurance companies to provide coverage when they think that outside insurers are charging too much. Often, they are starting what is called a «captive insurance company» – an insurer founded to write coverage for the company, companies or founders.

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