How to self-insure your construction business

Description

Abstract: With all of the risks inherent in a construction business, it’s important that contractors have sufficient insurance coverage while also keeping policy costs under control. This article provides information on how captive insurance can be a great way to do both. With captive insurance, it’s possible to establish a subsidiary company to self-insure a business. Bigger companies may set up the arrangement independently, but a group of smaller businesses also can form a captive by banding together to buy insurance.