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Captive Insurance
For many years, qualified medical groups, hospitals and professional groups have invested in captive insurance companies to gain greater control over their insurance risks. The captive structure enables its owners to insure their own risk exposure, through either direct insurance or reinsurance. This opens the opportunity for organizations with particularly good experience to perhaps change an expense (insurance premiums) into a vehicle for long-term financial growth. Assuming positive results, captive owners are able to pay premiums to their own insurance company, investing these premiums in a tax-deferred manner until the time when the premiums are returned to the captive’s owners as either dividends, a stock repurchase program or a sale of the captive. Typical captive start-up fees can range from $300,000 to $600,000, depending on a number of variables, including the complexity of the organization and the location of its headquarters. This significant start-up cost can be an impediment to many organizations that are interested in starting their own captives. As an alternative, interested practices may enter into a rent-a-captive agreement by purchasing a segregated portfolio, or cell, in NAPA’s Practice Security Insurance Company SPC, Ltd. (PRASEC). |
HOSPITAL ANESTHESIA SERVICES EMPLOYMENT / CAREERS ADDITIONAL PRODUCTS AND SERVICES ABOUT NAPA CONTACT NAPA PRIVACY |