Sunday 26 August 2012

I Discovered About 831b Captive And What It Could Do For My Company

By Gregorey M. Sweet


As a businessperson, I have a lot of pressing items on my schedule, but I am aware how important it is to find good insurance, so I took the time to really look into different insurance choices and tried to find an insurance company that knew what 831b captive would mean for someone like me. Clearly, I didn't start out knowing everything about captive insurance, and I had no idea about why captive insurance was better than any random method of insurance distribution.

The reason it was hard to understand at first, was that captive insurance is such a diverse concept that can be applied in so many ways and in each instance it can be adapted to fit your companies needs. Seven years ago, I started my own business and back then, I didn't know what 831b captive was and certainly didn't know what it could do for my business. When I initially got going, it was just myself and a close friend who is my business partner working in my store and we couldn't afford much in the way of insurance, so we didn't bother to research it.

But in time, we found some success and our company began to flourish, and as we began to hire some more employees, we decided we ought to look into insurance and learn more about our captive insurance. I knew a guy who worked in the insurance industry, so I asked him about my options, and he told me to go online and look at some different insurance companies and particularly look into captive insurance.

I did just that, and went online to learn some more about forming a captive and the specific ways it would benefit our company. After quite a time of searching, I found myself drawn to one website that laid out the information in a very concise way, and they really seemed to be a great company. The website was very informative and I was able to find out what Delaware Captive and what it could do for my business.

I eventually contacted them and we started to work together to get my insurance needs stabilized and under control, which they were experts at, and I knew that I was in very good hands. Looking back, I am completely thrilled that I went with this company to handle our captive insurance, and it had been a great boon to our growing company. This decision has honestly been a wonderful thing for our company and I would recommend it to anyone in a similar situation.




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