Ocean Falls Insurance

Captive management services are professional services that help businesses and organizations to establish, operate, and manage their own captive insurance companies. A captive insurance company is a subsidiary company that is owned and controlled by the parent company or organization, and that is used to provide insurance coverage for the parent company's own risks. Captive insurance companies can be used to cover a wide range of risks, including property and casualty, liability, and workers' compensation.

Captive management services typically include assistance with the formation and registration of the captive insurance company, ongoing compliance with provincial/state and federal regulations, and the management of the captive's day-to-day operations. This may include the management of claims, the preparation of financial statements and tax returns, and the management of the captive's investments.

Captive management services are typically provided by specialized firms that have experience in the formation and operation of captive insurance companies. These services can be especially useful for businesses and organizations that have unique or complex insurance needs, and that are looking for a more flexible and cost-effective way to manage their risks.

Captive insurance companies can help businesses and organizations to manage their own risk, improve their risk profile and gain more control over their insurance costs, as well as access to reinsurance markets. Also, it can provide an alternative to traditional insurance policies and may be eligible for tax benefits.