What kind of insurance can be insured in a captive insurance company?
Almost any kind of risk can be insured by a captive insurance company. The most common kind of insurance provided by captive insurance companies covers losses due to mistakes and accidents. The cause of the accident and the property protected varies widely. Captive insurance can be used to protect its owners against simple slip and fall accidents, more complex professional liability and highly specialized risks unique to the owners of the captive insurance company. This is known as casualty insurance. Captive insurance companies are being increasingly used for other types of insurance, including workers compensation and healthcare. Captive insurance companies are also well suited to insure risks considered uninsurable by commercial insurers.
