Top 10 Captive Myths – #6 – It Costs Too Much To Set-Up And Operate A CIC
A common myth we often encounter is that it costs too much to set up and operate a captive insurance company. In many cases, this is a false objection put forward to justify inaction. What is really needed is a cost-benefit analysis that weighs the true cost of captive ownership against all the benefits a captive affords. In conducting such an analysis, it’s important to consider the immediate, mid-term and long-term benefits of implementing a captive program