Insurance is only one tool used to finance business risks.  The cyclical cost of insurance requires that companies understand other alternatives and assess their role in the overall risk management process.

The phrase “alternative risk financing” includes a wide variety of methods to ensure that sufficient cash is available in the event of a loss.  This includes everything from higher deductibles on the auto program to a wholly owned captive insurance company.  In between there are options such as retrospectively rated plans, finite risk solutions, association captives and rent-a-captives.

Determining the correct solution for your company requires understanding your long-term needs, direction and capabilities.  We work with our clients to review loss history, financial position, appetite for risk and overall business objectives to help you determine the correct solution. 

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