2017 CLM & Business Insurance Construction Conference

Start Date: 10/09/2017
End: 10/11/2017
Location: Manchester Grand Hyatt ,1 Market Place San Diego, California

October 10, 2017 4:00 PM

Unlike traditional insurance programs, a captive insurer operates like a custom-engineered piece of architecture, providing a strong foundation for a construction firm’s risk management program. With a captive, construction companies have far more control over claims and litigation management. Captives also can provide coverage for many risk exposures that traditional insurers do not cover. Over time, captives also can be a worthwhile investment that can offer construction companies significant cost savings. Group captives, in particular, enable contractors to spread risk among several partners, and there are currently many captives formed for both the construction industry and specific trade contractor groups. This session will explore the use of various captive structures in financing construction risks.

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