Short video/transcript excerpt discussing captive insurance as an option for businesses with hard-to-insure, high-risk exposures (example: hazardous material cleanup). Speaker recommends earlier entry into a captive when traditional coverage is scarce or expensive.
The one other thing I want to say there real quick, too, is. And just another good fit, this would go into exactly what I was talking about. But if your risk is really tough to insure, like, you do something along the lines of hazardous material cleanup, that's just very expensive to insure because there's very few insurance companies that will insure it. So, you know, usually the sooner the better. You can get into a captive in that situation.
