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Types of captive insurance

Three Captive Insurance Types You Should Know

Forming a captive insurance company is a great way for a corporation to reduce costs, customize its coverage, and have more control over its insurance. However, not all captive structures operate the same way.

first party cyber insurance

First-Party Cyber Insurance

First-party cyber coverage is the portion of a cyber insurance policy that protects your business when you suffer direct losses from a cyber incident. It reimburses your organization for its own costs—such as data restoration, incident response, …

First party insurance

Understanding First-Party Insurance

‘First-party insurance’ refers to a type of insurance designed to cover a business’s own direct losses from events like fire, theft, or cyberattacks. When a covered peril strikes, this …

Captive Insurance

What Is Captive Insurance, Exactly?

A captive insurance company is an insurance company established by a business for the purpose of insuring that business’ risks. Unlike a traditional commercial insurance company that will issue …

Liability Coverage in a Cyber Policy

Liability Coverage in a Cyber Policy

Cyber liability coverage refers to the third-party coverage component on a cyber insurance policy. Unlike many other types of insurance, a cyber insurance policy includes both first- and third-party insuring clauses.

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Busting 10 Common Myths About Captive Insurance Companies

Busting 10 Common Myths About Captive Insurance Companies

Although they’re becoming more common, captive insurance companies are still relatively rare. Unlike traditional commercial insurance, most businesses don’t have any direct experience with captives. As a result, the subject is often shrouded by myth, misconception, and misinformation. So, we decided to set the record straight. In this guide, you’ll learn the benefits of captive insurance […]

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