For business owners that are particularly cash heavy and are susceptible to risk.

Captive Insurance

Captive Insurance CompanyWebReferenceBoard3_Captive_Insurance.png

QUALIFICATIONS:

  • Small to mid-size privately held business owners
  • Liquid assets to pay premiums and other admin costs
  • Would like to Insure/mitigate risk
  • Would like a business tax deduction – up to $1.2MM per year

SYNOPSIS:
Plan 7 is for business owners that are particularly cash heavy and are susceptible to risk. Risk is mitigated and insured. The cost to insure is a premium that is fully tax deductible to the business. The premiums are invested in liquid positions (stock market). If no claims are made, monies used for the premiums + investment appreciated are returned back to the business

Although this is one solution for clients, more often than not Premium Finance is a more suitable option for clients.