Aon  |  Professional Services Practice
Captive Insurance

A captive insurance company is an insurance vehicle which primarily insures the risks of its owner or owners. Professional Service firms (such as law firms, accounting firms, consulting firms, and design & construction firms) have been employing captive insurance companies, in their various forms, for many decades – particularly in connection with the risk financing of professional liability.

Featured Insight

Delaware Permits Use of Captives to Insure Side A D&O Risk

March 2022 - The Financial Services Group at Aon discusses January 2022 Delaware legislation permitting captives to provide D&O insurance.

Click here to learn more

Professional service firms use captives in numerous ways, including:

  • acting as a risk retention entity
  • as a risk sharing vehicle
  • in the creation of risk capacity where it may not be readily available in the commercial insurance market

Firms have used single parent captives, group captives and protected cell companies to facilitate achieving their risk financing and risk management objectives.

We have compiled valuable information on captives for professional service firms and are able to provide highly customized captive consulting services, as well as segment-sensitive actuarial modeling.