Guernsey Captives Are For SMEs Too

There was a time when captive insurance was the preserve of large international organisations. However, innovation in the sector has meant that this is now more accessible for small to medium-sized enterprises.

A captive, in its purest form, is a company set up by its owners primarily to insure the risks of its parent and/or subsidiaries. This can offer several advantages in comparison with insuring through the commercial market:

• The insuring of unusual or catastrophic risks or multiple small risks
  
  
• Avoid paying large overheads and profit margins
  
  
• Premiums relate to the insured's previous claims record