3 Transportation Captive Insurance Myths

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So, you’ve read our post on taking control of your insurance, and now you’re looking into captive insurance as a solution. However, simply Googling “Captive Insurance” leads to around 2.8 million results, which leaves a lot of room for misunderstandings. In this post, our aim is to debunk the most common transportation captive myths. #1 […]

Rent-a-Captives as a Trucking Insurance Solution

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Rent-a-Captives Rent-a-captives, as well as other captive and self insurance options, are great for trucking companies who are looking to stabilize insurance costs. However, since not all trucking companies are capable of undertaking the formation of their own captive, rent-a-captives are the ideal solution. A rent-a-captive is defined as “an arrangement whereby a capital base is accessed […]

What is a Workers’ Compensation Self-Insurance Program?

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Workers’ Compensation Self-Insurance Programs Typically, employers pay a fixed premium to an insurance carrier for workers’ compensation coverage. However, employers may choose to go the self-insurance route, wherein the employer assumes the financial risk for providing workers’ compensation benefits to its employees. In other words, self-insured employers pay the cost of each claim ‘out of pocket’ as […]