Greetings, fellow business crusaders! Today, we delve into the enigmatic world of Captive Insurance Companiesβthe unsung heroes of the commercial universe.
What in the World is a Captive Insurance Company?
A captive insurance company is not a construction worker locking himself in an office, though the image is entertaining. Itβs an insurance company established by a rockin’ commercial or industrial company to insure its very own risks. Think of it like a secret superhero with one mission: protecting its creator! π¨βπβοΈπΌ
Imagine if Batman created his little insurance sidekick to safeguard his Batmobileβthat’s a captive insurance company for you!
A Peek Behind the Cape: The Goals
These