Matthew Howard and Ernest Achtien discuss the main considerations for businesses when forming an individualized micro-captive.
Excerpt: The flurry of 831(b) micro-captive insurance company formations in recent years may lead some interested parties to “jump on the bandwagon” and speedily start up their own. While imitation may be the highest form of flattery, a prudent business owner will take a step back and conduct a reasonable level of due diligence prior to becoming an insurance company owner, regardless of what everyone else may be doing. Given recent discussions regarding the potential misuse of these captives, it’s a
good time to revisit the fundamentals.
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