Self Insurance Works For SMEs

Originally published in The Broker, summer 2008

Utilising rent-a-captives can deliver considerable savings over conventional insurance programmes as well as having many other benefits for small and medium sized companies says Peter Niven, Chief Executive of GuernseyFinance

Imagine the happy faces when your clients see their cost savings associated with retaining the unclaimed premium in their insurance programme.

Aside from this key benefit SME clients may utilise a rent-a-captive to:

• Avoid paying large overheads and profit margins
  
  
• Insure unusual or catastrophic risks or multiple small risks