Risk Management
Reduce Risk and Maximize Profits with Captive Insurance and Other Risk Management Strategies
Captive Insurance Companies, Risk Retention Groups and other specialized risk management tools can be a strong alternative to traditional insurance carriers.
Many U.S. domiciles now allow for captive insurance company formations within their borders.
With the ever-changing risk management industry, captives have evolved from only being used by large corporations to being an innovative option for companies of most sizes.
Captives can be used for coverages including Property, Casualty, Surety, Workers’ Compensation, Marine & Transportation, Health, and many others depending on the jurisdiction.
Crossroads has experience with other alternative risk vehicles such as Risk Retention Groups, Automobile Self-Insurers, Risk Purchasing Groups, Vehicle Protection Warrantors, Pharmacy Benefit Managers and many others used for unique risks.
Some of the industries that can utilize captive insurance and Risk Retention Groups include:
- Financial Institutions
- Real Estate Development
- Energy
- Hospitality
- Retailers
- Food & Beverage
- Professional Services
- Natural Resources
- Auto mobile Sales Facilities
- Healthcare
- Lumber
- Entertainment
- Technology
- Manufacturing
- Agriculture
- Construction
- General Constractors
- Legal Services
- Engineering
- Distribution
- Many others
