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Construction Industry – Captive Program

The construction industry has seen steady growth over the past few years, and so have the insurance specialists that serve this market. Construction spending in late 2015 reached a new seven-year high and climbed at the fastest rate since 2006. While business is solid, new laws and regulations have made CEO’s & CFO’s in the construction industry a highly educated insurance purchaser.

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What is a captive?

A captive insurer (or “captive”) is a special-purpose insurance company formed primarily to underwrite the risks of its parent or affiliated groups. It is quite similar to a traditional, commercial insurance company in that it is licensed as an insurance company, it sets insurance-premium rates for the risks it chooses to underwrite, writes policies for the risks it insures, collects premiums and pays out claims made against those policies. The biggest difference between a captive insurer and a commercial insurance company is that a captive cannot sell insurance to the general public. It can only underwrite the risks of its parent organization or related entities. Another key difference is that the regulations governing captive insurance companies are typically less onerous than those regulations governing traditional commercial carriers...

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Podcast: Is Captive Insurance a Solution for Cyber Security Risk Management?

Kelly Coughlin interviews Wes Sierk, President and Co-Founder of Risk Management Advisors. This is the first in a series of three podcasts covering captive insurance and cyber security risk management.

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Food and Beverage Distributor – Captive Program

Background Companies in the food and beverage industry have historically operated in a fairly complex business and regulatory environment. In order to be viable, they manage a sophisticated supply chain while maintaining product integrity. Given the consumer nature, they’re operating under some onerous regulatory requirements. Traditional commercial insurance policies oftentimes do not cover all the […]

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Multi-Family Real Estate- Captive Program

Background Owners with substantial holdings of multi-family real estate properties struggle with deciding on what type and level of insurance coverage is appropriate. Oftentimes, commercial insurance is either expensive, requires significant deductibles and/or has a number of exclusions in the policy. As a result, the owner winds up “self insuring” by default a number of […]

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We’re Growing!

Risk Management Advisors, Inc. is proud to announce the opening of our new location in Long Beach, California and New York, New York!

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Proud Sponsors of Norman Levin Racing

Risk Management Advisors, Inc. is proud to sponsor our friends at Norman Levin Racing on the NASCAR K&N Pro Series.

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Important Legislative Changes to IRC 831(b)

On Friday December 18th Congress passed the 'Tax Extenders Bill' as part of the "Protecting Americans from Tax Hikes (PATH) Act of 2015". On page 176 were new rules affecting small captive insurance companies.

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Surviving The New York Wage Parity Act

The Wage Parity Act places financial obligations on New York home healthcare companies that threaten the solvency of an entire industry. For example, a company with 1000 forty-hour work week employees could have a liability near $5,000,000 in 2015. While self-insured group medical has been attractive to the home healthcare industry, it may not conform […]

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Stabilizing Construction Premiums

With the constantly changing insurance market, construction companies have become some of the most sophisticated insurance purchasers. The risk management department knows that every dollar saved in insurance can lead to a more competitive bid for their next project. Some states have adopted laws that allow workers compensation claims to attach to general liability policies. […]

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