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Do you own your own business? Do you live in Nevada? Are you sick of paying insurance premiums that are more expensive than your mortgage every month? Captive Cell insurance is the solution to these problems.. and we intend to explain how.
We have taken the time to explore which types of organizations could benefit from captive cell insurance, to give them some alternative finance options. Recent times have been tough for us all, so let’s see if we can trim those expenditures down at the point of insurance.
The Types of Firm that could Use Captive cell Insurance to Save Money
As a good rule of thumb, the types of businesses that can benefit from captive cell insurance are those that have large insurance costs.
Companies that own Fleets
The larger the in spend every month, the more appealing the captive cell insurance option becomes. Take the example of a taxi fleet or bus company. The owners need to ensure each and every vehicle and even ensure each and every driver. This adds up to monthly outgoings that smaller businesses don’t even make in a month!
If you own a fleet of cars, coaches, or even trains; you should be able to save a small fortune every month by switching over to a captive cell. When you do this, you then own and share an insurance firm known as a ‘cell’. This allows you to take advantage of the insurance provided by your cell, and therefore save on your normal insurance premiums. Since you have a share in the insurance cell firm, you have direct input into how it is run and what the premiums are set to.
Low Risk, High Insurance Premium firms
If your business pays high insurance premiums but barely has an accident, this could mean that a captive cell would help you save money long term if you engaged with a captive cell. Consider Ryanair or some other big name in aviation. Each flight costs an average insurance premium of just over $1000 per trip. The chances of the plane being in an accident are nearly 0 – but every trip costs that same high premium. The captive cell could lower your premiums significantly, while still covering you, should the worst happen.
Fortune 1000 Companies
More than 90% of all of the fortune 1000 firms on the market today rely on captive insurance to meet their insurance needs. It is a savvy business. It helps you to underwrite your insurance requirements while simultaneously keeping costs low. On top of this, more than half of the insurance premiums written for property or casualty reasons, happen through captive cells.
Where to find out more about Captive Cell Insurance?
If this article has managed to pique your interest, you can find out all about captive cell insurance by visiting Talisman Casualty insurance company in Nevada. They have all the information you need to help you make an informed decision about whether or not your business could benefit from it. If you could make savings – why wouldn’t you take advantage of that? Streamline your spending and save on profits… and with Talisman’s help, never pay over-the-odds for insurance again.
