A captive insurance company can provide significant benefits to business owners who understand their operational risk and have a history of sound management practices. By forming a captive insurance company, the owner gains greater control of the organization’s risk financing structure and can align management capabilities to identify insurable risks and define potential liabilities and loss concerns.  Potential benefits include coverage tailored to fit business operation needs, control of risk management and claims activities, and direct access to reinsurance and excess insurance markets for more efficient use of capital.

New Jersey is open to the formation of new captives as well as the redomestication of existing captives.  The admissions process is comprehensive, consultative and efficient.