A “captive” is a licensed insurance company utilized to insure a wide range of risks depending on business needs. Many businesses begin with coverages such as the deductible or self-insured portions of general liability, auto, casualty, property and workers compensation losses, but often expand coverages to include unique risks such as management liability, environmental liability, terrorism, cyber, professional liability, and extended warranty claims. Risks can be first-party or third-party, and companies can be creative in how they utilize their captive programs. Learn how from experienced in-house counsel.
Ryan Mihalic, Esq., CareFirst
Deiter Ludwig, Marsh Captive Solutions