The world of insurance can be complicated and confusing to say the least. There is insurance for just about any situation that you could think of. There is also something known as captive insurance that can be a little more complex.
When it comes to your, look no further than Larson & Company, Certified Public Accountants to meet those needs.
Captive Insurance
An insurer that is captive is basically one that is wholly owned and controlled by its insureds. The goal is to insure any risk that faces the owner and to enjoy the underwriting profits that come from the captive insurer.
So where would IRS captive insurance in Las Vegas come into play? Well, it can be utilized by insureds for any number of reasons. For one, it could be used to protect insured parties that put their own capital at risk through the creation of their own insurance company. But that is just one of the instances.
Other Instances for Captive Insurance
There are a few other situations in which captive insurance would be utilized by the aforementioned insureds. If they are working outside of the commercial insurance marketplace, then captive insurance would be required.
So, too, would it be if they are looking to achieve risk financing objectives. Whatever the case may be, working with an experienced provider can mean getting the proper captive insurance to meet those needs.
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