Exploring the Concept of Captive Insurance Companies

"No left turns! No reverse!"

Risk management is all about being proactive in the management of risk. Rather than being a victim, risk management allows companies (and individuals) the opportunity to engage, learn and implement strategies that reduce injuries, losses and ultimately the expenses associated with those, including insurance costs.

In this episode of Profiles in Risk, I spoke with Aaron Gordon about captives. Captives are a decades-old strategy for companies to take proactive control of their risk management. It is the company putting their money where their mouth is when it comes to their risk and exposure. We talked about which companies should form captives, why, what exposures can be placed into the captive and what it takes operationally to set one up and maintain.

CONNECT WITH AARON GORDON:
LinkedIn - https://www.linkedin.com/in/aarongordon/
Twitter - https://twitter.com/nyriskadvisor
Gordon Companies Homepage - https://gordoncompanies.com/

MENTIONED IN THIS EPISODE:
Delaware Captive Insurance Association - https://www.delawarecaptive.org

BOOKS RECOMMENDED BY AARON:
Insuring Tomorrow by Insurance Nerds - https://amzn.to/2Y1f6XV
The End of Insurance As We Know It by Rob Galbraith - https://amzn.to/2YdquUZ
How to Sell When Nobody's Buying by David Lakhani - https://amzn.to/2JS1Dgh
Powerful Personal Brands by Ben Baker - https://amzn.to/2XY702o 

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