Trusted Captive Insurance Manager
Dave Cochran
Senior Risk Management Consultant
David has over 27 years of experience in the Executive benefits, Employee benefits and estate planning.
David has a vast understanding of Non-qualified executive benefits including deferred compensation, Supplemental executive retirement plans, split-dollar, etc. He helps clients understand why they should use non-qualified executive benefits. How to use them most effectively and how to design the plan to meet not only the executives needs, but the company’s needs and resources as well.
Since 2008, David has specialized in the Captive Insurance Company design and marketing for client’s in the Mid-Atlantic Region. His partnership with CIC Services, Inc. and James Coomes, Attorney, has helped clients control corporate risk, Cash flow, and taxes. David’s experience gives him the ability to evaluate employee benefits as well. These benefits include health insurance, group disability, group life and group long-term care. He helps clients understanding their current company benefits and how to improve those benefits.
David’s expertise doesn’t stop at corporate benefit plans. He has years of experience regarding estate planning. He keeps up with the changing laws and works with clients making sure they are on the right track. Dave educates his clients and is excellent at making complex planning issues into easy to understand concepts.
Recent Industry News
Captive Insurance Requirements: Is Your Business a True Fit?
When small to mid-sized business owners explore alternative risk management strategies, they frequently find themselves evaluating captive insurance requirements to see if their company qualifies. For decades, a persistent myth has circulated that captives are reserved exclusively for multi-national conglomerates, massive shipping fleets, or heavy construction firms. This misconception causes highly disciplined, mid-market business owners […]
How Are Captive Insurance Companies Taxed?
Most businesses purchase insurance from a commercial carrier and give up control of the premiums they pay. A captive insurance company changes that arrangement by allowing a business to form or participate in an insurance company that covers selected risks. The captive collects premiums, pays covered claims, and retains funds that aren’t needed for losses […]
Captive Insurance Coverage: What Do Captives Commonly Insure?
Businesses often think about insurance in terms of the standard policies available from commercial carriers. Those policies provide essential protection, but they’re generally designed for broad groups of companies. When they don’t fully reflect one organization’s operations, loss history, emerging exposures, or tolerance for risk, captive insurance coverage can offer a more tailored approach. A […]
What Is a Captive Insurance Company?
A captive insurance company is a licensed insurance company owned by the business, business owner, or group of businesses it insures. Instead of sending all insurance premiums to third-party commercial carriers, a company can use a captive to insure selected risks through an insurance company it owns or controls. For business owners, CEOs, CFOs, CPAs, […]