Commercial Insurance

Using Risk Retention To Obtain Commercial Insurance

There are plenty of challenges on the path to taking out appropriate insurance for your business. In a majority of cases, the nature of your work will dictate your terms and rates. This means that high-risk industries will face more hurdles than businesses that operate in fields that are generally considered “safe.” Though it can seem like the odds are stacked against you, there are some simple alternatives available that can yield you impressive results.

What Is a Cell Captive Insurance Policy?

Understanding risk retention can go a long way when it comes to your insurance needs. When commercial organizations view your business as a risky investment, using a captive insurance provider can be far more advantageous. Being a part of a captive cell allows you the opportunity to insure your business no matter what risks are involved. What’s more, this type of structure can also provide you with a boost to your cash flow. When all of your funds aren’t tied up in insurance, you have capital for other demands. Other benefits to cell captive policies include:

  • Improved risk management programs
  • Flexible options for most important decisions
  • Lower rates and access to reinsurance market

Find the Right Solution 

Though it can feel like you’re fighting a losing battle when it comes to finding appropriate insurance coverage, there are always alternatives worth your time. Look into how cell captive structures work and see how your company can benefit.