South Carolina Captive Insurance

South Carolina captive insurance, in essence, allows the policyholder to subsidize the insurer. It is most often utilized by high-end businesses eager to reduce losses incurred as a result of mismanaged or unforeseen risks. It is an alternative form of risk management that is becoming a more practical and popular means through which companies can be protected financially while having more control over how they are insured.

Key South Carolina captive insurance benefits include:

• Unused premiums are reimbursed as a dividend
• Low initial premium pay-in amounts
• Premiums are based on your company’s loss experience
• Captive participants earn investment income on the dollars in their loss fund
• As an owner of a captive, you have control over your insurance destiny

Moreover, captive insurance can address a number of key coverage areas, among them:

• Workers Compensation
• General Liability
• Product Liability
• Commercial Auto
• Property Management

Contact us to learn more about how South Carolina captive insurance could benefit your business today.