Finding Cover: Using Captives to Make Your Business Risk Ready
Our webcast series, “Finding Cover: Using Captives to Make Your Business Risk Ready,” discussed the range of new exposures facing organizations today. The series was designed to illustrate the importance of recognizing the gaps in coverage that these new and emerging risks can create in the risk management program of captive owners. Now available as replays, the webcasts were designed to help you think creatively about how captives can be used to create maximum value to the captive parent.
“Non-Traditional Risk and the Small Captive” covered the newly enacted small captive law and the opportunities it provides to redefine, restructure, and rebuild small captives with greater business purpose. With the premium limit set to increase to US$2.2 million on January 1, 2017, organizations should start thinking about currently un- or under-insured risks that can now be managed more effectively in a captive vehicle.
“Multinational Employee Benefits” focused on how and why organizations are using captives to consolidate contracts through multinational pooling networks, increasing efficiency while getting the benefits of retaining risk in a captive vehicle. Our experts discussed the steps companies take before establishing captives, how they help in administering multinational employee benefits programs, types of organizations that benefit from captives, and more.
“Emerging Risk for Captives — Terrorism and Cyber Risks” discussed why more organizations are using captives to manage terrorism and cyber risks. The webcast detailed how captives are used to access terrorism coverage under the federal backstop for terrorism insurance, the Terrorism Risk Insurance Act (TRIA), as well as several options for using a captive to cover cyber risk. Our experts also explained the process for establishing captives and discussed how captives can provide access to higher limits and more comprehensive coverage for certain risks.