Insights

Enterprise risk management (ERM) is a systematic approach to identifying, evaluating, and managing both insurable and non-insurable business risks. It is critical to any organization's operations as it helps businesses identify and mitigate risks that could negatively impact their goals, objectives, and reputation. What is Enterprise Risk Management (ERM)? ERM is a comprehensive and integrated approach to risk management [...]

Managing risk is a critical aspect of your operations as a business owner or executive. A captive insurance program can be an effective tool for managing risk while providing numerous benefits. Here are ten reasons why your company should consider a captive insurance program: Control: With a captive insurance program, a company can take control of its insurance coverage [...]

A claims-made insurance policy and an occurrence insurance policy are two different types of liability insurance policies. The main difference between the two is when a claim must be made for coverage to apply. In an occurrence policy, coverage is triggered by an event that occurred during the policy period, regardless of when the claim is made. For example, [...]

Captive insurance companies insure the risks of their owners, as well as the risks of related or affiliated firms. They generate income through underwriting and investments, which typically go to a traditional insurance company. The insured parties most often (but not always) own the captive  primarily organized to fund the insureds’ risks while actively participating in decisions that influence [...]