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What is a Captive?

Group captives are insurance companies that provide insurance to, and are controlled by, their owners for the purpose of managing member companies’ risks and controlling costs. These risks typically include general liability, commercial auto, and workers’ compensation exposures. There are many reasons to join a captive, but not every company is an ideal candidate. Watch to learn more about group captives from Parker, Smith & Feek Account Executive, Tim Schmidt.

For more information on captives, read our article entitled Captives – Is My Insurance Program Ready.

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