The Tailored Alternative to Traditional Insurance
To lower insurance costs and obtain coverage for specific needs, consider setting up a captive insurance company. Visit the website for PrimeFortress Management, LLC to get started.
(PRWEB) July 3, 2005 -- PrimeFortress Management, LLC provides formation and
advisory services for captive insurance companies, which are appealing to
business owners and associations.
Many business owners who have
experienced low insurance claims in relationship to the premiums paid by their
businesses are wishing to reduce their insurance costs by assuming more risk.
This may be accomplished by forming a captive insurance company. A captive
insurance company is a private insurance company that has been established to
insure some, but not all, of the risks of a single-parent company or a group of
related businesses, association members, or an industry group.
Captive
insurance companies have many benefits for business owners. They can lower
insurance costs and reduce income taxes. Captives control risks assumed and
premiums paid associated with the risks. These insurance companies control
claims and loss management, obtain and tailor coverage to meet your specific
needs, and accumulate investment income. By controlling cash flow and protecting
assets from predatory lawsuits, captive insurance companies are appealing to
many people.
Captive insurance companies are now being used by medical
practices, hospitals, trucking companies, auto dealers, timber growers, banks,
real estate developers, construction companies, convention centers, service
firms, and other businesses. They may also be used by retailers to sell extended
warranties, which may be lucrative.
PrimeFortress Management, LLC designs
captive insurance companies to make sure the owners’ needs are met. They can
direct you in maintaining your captive insurance company and building a fund for
the future protection of your net worth. PrimeFortress can guide you through the
entire cycle of operation year to year as your needs and growth
dictate.
PrimeFortress is based in Charleston, South Carolina. South
Carolina is one of the most effective and affordable domiciles for formation and
management. Visit the PrimeFortress Management website and initiate the
beginning of your captive insurance company today. Contact Tom Savage, the
Managing Member of PrimeFortress Management, LLC, for more information on
captives and our management services.
# # #
Source : http://www.prweb.com/releases/2005/7/prweb257540.htm