The Business Owner's Definitive Guide to Captive Insurance Companies

What You Need to Know About Formation and Management

By: Peter J. Strauss J.D. LL.M.

Narrated by: Lee Shorten

Length: 2 hrs and 36 mins

Publisher's summary

Manage your risk in a more efficient way

What if you could insure the risks of your business, reduce your out-of-pocket expenses, and create another source of revenue? Sounds too good to be true, right? With The Business Owner’s Definitive Guide to Captive Insurance Companies, Mr. Strauss shows that, by utilizing a captive insurance company, this is not only possible but also a lot easier than you'd imagine.

As one of America’s top corporate, tax, and risk management attorneys, Mr. Strauss provides listeners with true insight on the key sophisticated planning techniques used by small business owners who implement captive insurance companies. You’ll learn the fundamentals and history of captive insurance and how this technique can provide numerous benefits to your business. This book will provide you with the insight on how to:

• Reduce out-of-pocket expenses
• Increase cash flow
• Insure more of the risks of your business
• Protect personal and business assets from lawsuits
• And select the appropriate manager for your captive insurance company

Creating a captive insurance company may sound daunting, but with Mr. Strauss's guidance you can navigate the legal maze and utilize this valuable strategy with ease. Don’t miss out on crucial out-of-pocket savings and create more liquidity in a more tax-efficient manner. Take steps today and reap the benefits of captive insurance!

©2017 Peter J. Strauss (P)2017 Peter J. Strauss

Good overview of captive insurance

Good overview of captive insurance, even though a lot of promotion of author and his services - but i forgive, useful book which gave me some good ideas

Strauss is Awesome

Clear concise very informative. Peter J Strauss has provided a comfort with a subject that requires careful consideration.
Thanks Peter.

A Very informative and unbiased look in to captives

This book was surprisingly very easy to follow and understand given the complexity of this topic. It highlights key characteristics of captives and interprets them in a way that does not require an extensive knowledge of tax or law. Although a captive would not apply to my business, it was a great read!

Education worth Millions

For those of you who have ascertained a strong degree of wealth or who have seen their hard earned money effected by litigation, or by creditors - this book will change your life. Peter lays a complete educational foundation for you to understand why Captives are so useful. There is no self promotion, which truly generates excitement to engage the author in creating a Captive for my business and estate plan. Some may consider it a dry read, but for those of you interested in true wealth preservation, tax efficiency, and wealth accumulation, this is book is a 10 Out Of 10.

A Solid Read...

If you have anything to do with business, you should probably read this book. Managing risk and returns is crucial, and this is another tool to do that.

It’s a commercial for his company

This isn’t an education on captives. If you are looking to hear only about potential financial upside, this is your book. There is very little discussion on risk selection, integration with the traditional risk transfer programs an organization has in place, or anything beyond the pure financial considerations. I was hoping to learn more (stop saying ‘too detailed for this book’ your readers selected a book specific to captives) on several topics. It’s dangerous to give the impression all captives are profitable, but perhaps that’s your business strategy.

Interesting idea, tour of business model

The numbers aren't here for me to tell who this is feasible for. Surely there are abundant reasons why most folks would decide not to "cut out the middle-man" in order to plunge into the insurance business themselves. There are complexities. It sounds simple at first, but keep listening. For example, one's captive entity typically winds up pooling with (writing insurance for) others. And entities are typically offshore. I can see a lot of potential risks,although this author does a yeoman's job (for such a limited format) to explain a lot of aspects. All that said, it is a fascinating idea. Just going "the last mile" to see all the variables in one's particular case (well) would be costly, I would think. There are steps for getting a workup described here. It would be a fancy piece of spreadsheet work to capture all of a business's particular variables. But some pretty bright people sharpened their pencils and got creative to cook this up. And this is well-presented.
This is, it appears, something of a marketing vehicle for the author, who says he sells many of these services. There is nothing wrong with that, per se, as long as the info is valuable and sufficient caveats and non-misleading contents are there. This is not my field, but the author seems to have taken some pains to insert in general many of the usual warnings and disclaimers. Such things should always be listened to carefully. They are not simply "fine print."

I think I can intuit who the target audience is here, and what (hint: offshore) jurisdictions to host the captive would be recommended.

A substantial part of the book goes off into asset protection trusts, and surprise, these are basically offshore too. Are you comfortable with Belize, or maybe Cook Islands, as a host for a trust entity that holds various of your assets? And this, perhaps, in some instances as the legal owner of an onshore entity of yours? Very interesting ideas are here, alright, and here is a bit of a primer on these offshore vehicles. It is also interesting to hear what states onshore can and will provide at least some forms of these entities.