Companies throughout the country face a host of dynamic risk issues to accommodate contractors and employees. Navesink Risk Services (NRS) understands the complex legal and cultural issues with the state regulatory industries along insurance gap coverage. NRS focus on a wide range of issues to provide clients with creative insurance solutions. NRS developed insurance coverage to cater specific needs for companies in various industries.


NRS has unrivaled access to markets throughout the their network to meet companies individual needs. NRS will partner with your organization to build an insurance and risk management program that meets your goals and objectives.




 What is a Captive?

A captive insurance company is a form of self-insurance organized for the primary purpose of providing insurance protection to its owners and/or related entities.



For decades, large corporations have established captive insurance arrangements to create a tailored insurance portfolio to fit specific needs. Today, closely held businesses are also taking advantage of the numerous benefits afforded by captive insurance arrangements.


Capitalizing on these benefits, however, does not necessarily mean that your business must expose itself to unwanted or unnecessary risk if structured properly.

Why form a Captive Program?

There are a number of benefits of creating a Captive:

  • Risk protection for your business
  • Reduced insurance costs
  • Stabilized insurance budgets
  • Improved claims handling
  • Creation of profit center
  • Negotiation tool with commercial market
  • Access to reinsurance market
  • Asset protection
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