AVID offers an alternative form of risk management called captives. Captives are fast becoming a popular way for companies to protect themselves financially, while having more control over how they are insured. Captives are considered part of what is often called the “alternative market,” or “alternative risk transfer (ART) market.” And for certain companies, it’s a great plan of action.
AVID can help you identify if captives are the proper route for your company and employees. We can help you establish and maintain yourself as a captive through developing a risk funding formula, establishing a flexible unbundled program structure, managing proactive loss prevention, handling claims management and much more.
Is establishing your company as a captive the right choice for you as a risk transfer alternative?