How Captive Insurance Can Save High Net Worth Clients Hard Earned Money
The recent article published by Insurance NewsNet, “How Captive Insurance Can Save High Net Worth Clients Hard Earned Money,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, highlights how traditional insurance policies may not adequately cover the unique risks faced by high net worth individuals, such as loss of contracts or reputation damage. The lengthy process of establishing traditional insurance policies and the rising premiums contribute to gaps in coverage and increased financial risks. Captive insurance offers a solution by allowing these clients to retain premiums and tailor policies to their specific risk profiles, supplementing traditional coverage and providing stable rates over time.