What Is Captive Insurance? | Top Captive Insurance Companies

Top Captive insurance companies

Captive Insurance Definition The term captive was coined by the father of captive insurance “Fredrick M rice”. Firstly He has tested concept into practice for his first client, Younstown Sheet and tube company in the 1950s. It includes shielding the parent or main company from the risks or certain future losses. It offers an alternative … Read more What Is Captive Insurance? | Top Captive Insurance Companies

How do Insurance companies work? Types of insurances

insurance companies

Insurance companies working procedure The insurance companies work by collecting funds from it’s clients by selling policies to them and funds those money to cover the damages. In short, it is a PROMISE OF PROTECTION! It’s a legal contract between an insurer(company providing insurance) and the insured(the one who avails the benefits), in which the … Read more How do Insurance companies work? Types of insurances