How long does the speaker estimate it takes to set up a single-parent captive insurance company?

Hunter NelsonOwner of Nelson Insurance Agency

Starting Your Own Insurance Company: Time Commitment

18 May 2025 · 1 min

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A short YouTube segment (creator: Hunter Nelson) describing the practical time and administrative steps required to form a single-parent captive insurance company. The speaker emphasizes that forming a captive requires obtaining insurance licenses, creating a company entity, preparing financials, and other administrative work — and estimates the process will likely take about six to nine months.

Questions this video answers

About six to nine months.

Chapters

The other thing, too, is going to be the time factor. You can't go hop into a captive like you do with switching insurance. It's not going to be like, hey, I don't like great West. I'm going to go hop into a captive here tomorrow. Now, you got to. If you're a single parent captive and you want to go set up your own insurance company where it's just you in there, you're going to be creating your own insurance company. You got to go get your insurance licenses. You got to go talk to the part of insurance, create your own company. You're going to need to see your financials. There's all sorts of work involved in this, and something like that probably is going to take six to nine months, for example.