Business owners want to offer their employees health care coverage because it’s the right thing to do. We are seeing more business owners opting to self-insure to take control over the cost of that coverage.
Atlanta, GA (PRWEB) March 09, 2017
Captive Alternatives (CapAlt), the Atlanta-based risk management consultancy that pioneered the Protected Captive™, announced today an innovative option for businesses that no longer wish to buy conventional employee health coverage. This advanced approach to health insurance is available through the creation of a Private Insurance Company™ and can replace or be used in conjunction with health insurance coverage from traditional carriers.
“Business owners want to offer their employees health care coverage because it’s the right thing to do,” said Mark Jacobs, CEO of Captive Alternatives. “We are seeing more business owners opting to self-insure to take control over the cost of that coverage. In some cases, business owners are using a combination of coverage from a Private Insurance Company with additional protection from a traditional carrier to shield the company from ruinous healthcare costs.”
A Private Insurance Company, constructed with a Protected Captive, provides coverage to its owners and associated entities. Owners set limits on their financial exposure in any calendar year through the use of stop-loss coverage from traditional carriers. A Private Insurance Company rewards effective risk management. After claims are paid, the equity remaining in the Private Insurance Company can be used for future business expansion.
Captive Alternatives sets up and manages the day-to-day operations of these private insurance companies for their owners.
About Captive Alternatives
Captive Alternatives is a leading consultant helping business owners control their cost of risk through the use of a Private Insurance Company™. CapAlt's innovative business model, the Protected Captive™, helps owners manage hidden risks, transfer high exposure to third parties, and financially reward themselves for effective risk management. CapAlt delivers custom risk management solutions through an industry-first Puerto Rico International Insurer, and manages operations from their offices in Atlanta and Puerto Rico. For more information, visit http://www.captivealternatives.com.