Captive Insurance Companies
Captive Insurance Companies Overview
A Captive insurance Company ("CIC") is a special purpose insurance company
established by the owners of a business ("Company") to insure various risks of the Company.
The Company could be a manufacturing business, service business, real estate developer or
professional group. A CIC is a risk management tool which insures risks that could be damaging
to a business, but which may not be adequately or efficiently covered by commercial policies.