We hear it all the time from business owners: "We are paying too much for insurance. There's gotta be a better way."
And our industry responds: "Have you heard about captives?"
Too often, insurance brokers confuse the financial instrument with the strategy.
The reality is that these tools alone will not solve the problem of high insurance costs. To clear the air, though, we thought we'd share the pros and cons of 3 insurance products, each with different levels of risk ownership: full insurance, captives, and high deductibles.