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Between running their companies, nurturing their talent, planning strategy and staying ahead of their competition, business owners have their hands full. A hectic schedule does not leave much time to consider the current and future risks that face the business. Further, it doesn’t afford ample time to think about safeguarding the crown jewels that distinguish their organization from the competition, that make it sustainable even in the face of difficult competitive and market conditions.

In these times, a captive and a qualified captive manager can be invaluable to a business owner. A captive manager who has experience across a wide variety of industries and businesses can bring expertise to help the business owner make a tailored plan that will safeguard the treasures of their particular business.

The role of captive management is to assess the risks that stand before the business like:

· Are the most significant risks short or long-term?

· Are there key contracts on which the business is dependent?

· Is the operating environment risky and what does the company’s profile in this environment look like?

· How is the operating equipment of the business protected?

· What intellectual property does the business possess and how is the IP protected?

· What do the external risks look like?

With careful review of the business and its operating results, the captive management can assess whether a captive is right for the business. If it is, the captive manager can go on to help the owner construct a risk management program that can protect the business’ crown jewels. This program will assess what risks are best left in the commercial markets as well as the ones that are particularly suited for the captive. The captive manager and their underwriting team will also consider what gaps exist in coverage so that all the treasures of the business are protected.

I invite you to explore the many ways a captive can help you keep the crown jewels of your business safe. Please visit my website peterjstrauss.com to learn more.

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Between running their companies, nurturing their talent, planning strategy and staying ahead of their competition, business owners have their hands full. A hectic schedule does not leave much time to consider the current and future risks that face the business. Further, it doesn’t afford ample time to think about safeguarding the crown jewels that distinguish their organization from the competition, that make it sustainable even in the face of difficult competitive and market conditions.

In these times, a captive and a qualified captive manager can be invaluable to a business owner. A captive manager who has experience across a wide variety of industries and businesses can bring expertise to help the business owner make a tailored plan that will safeguard the treasures of their particular business.

The role of captive management is to assess the risks that stand before the business like:

· Are the most significant risks short or long-term?

· Are there key contracts on which the business is dependent?

· Is the operating environment risky and what does the company’s profile in this environment look like?

· How is the operating equipment of the business protected?

· What intellectual property does the business possess and how is the IP protected?

· What do the external risks look like?

With careful review of the business and its operating results, the captive management can assess whether a captive is right for the business. If it is, the captive manager can go on to help the owner construct a risk management program that can protect the business’ crown jewels. This program will assess what risks are best left in the commercial markets as well as the ones that are particularly suited for the captive. The captive manager and their underwriting team will also consider what gaps exist in coverage so that all the treasures of the business are protected.

I invite you to explore the many ways a captive can help you keep the crown jewels of your business safe. Please visit my website peterjstrauss.com to learn more.