Best books about Insurance Captives:
Since the Liability Retention Act of 1986 (LRRA) the use of Risk Retention Groups and Captive Insurance companies has been a great way for companies to access insurance as well as manage their risk. The Liability Risk Retention Act (LRRA) is a federal law that was passed by Congress in 1986 to help U.S. businesses, professionals, and municipalities obtain liability insurance which had become either unaffordable or unavailable due to the “liability crisis” in the United States.
These are some of the best books about Insurance Captives and Risk Retention groups and this part of the industry.
(Any of the books below can be purchased via Amazon by clicking the link or picture)
Small business owners who have good loss control procedures have significant upside from joining a captive. The Definitive Guide to Captive Insurance Companies will provide readers with the ability to: – Reduce income taxation, – Increase cashflow, – Self-insure, – Protect personal and business assets, and – Enhance estate planning.
A captive insurance company is, in a nutshell, an insurance company formed by a business owner to insure the risks of the operating business. The operating business pays premiums to the captive, and the captive insures the risks of the operating business. A captive is much more than an exotic form of self-insurance…
This book answers the following questions: What is a captive? Why form a captive? What are the different types and structures of captives? Which domiciles are best? What are the tax implications? What are the risks associated with forming and operating a captive? What are the steps involved with forming a captive? Is a feasibility study necessary? What kind of risks can be underwritten? What s involved in managing a captive? How can a captive be used for asset protection and estate planning?
A delightful and entertaining book about how small businesses can employ Fortune 500 risk reduction strategies by using Captive Insurance Companies. Through the backdrop of a love story, the authors review the technical issues, rules and benefits for creating your own captive insurance company.
This is the first book on captive insurance which informs the reader whether or not he should form a captive insurance company, how to run it along with an explanation of the tax issues associated with running a property and casualty insurance company. In addition, the reader is taken through an entire case law history of captive insurance to better enable him to understand the issues related to forming a captive insurance company.
The jurisdiction chosen to organize the captive can have interesting tax issues or benefits. Make sure you read and work with an expert to structure.
These are the books we have reviewed that provide the best all around understand of the Captive Insurance industry and alternative risk financing. These are the books that we haven’t discussed in other articles, but there is some overlap between some of the alternative risk books referenced in the below posts.
Please comment below if you have other book recommendations to better help our readers.
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