Take Responsibility To Avoid Surprises in Life and Your Business with Chad Spitzer

Joining Tom today is Chad Spitzer of the Captive Insurance Group to talk about building the right financial foundations and removing surprises to bring more certainty to your business. Tune to hear about alternative ways to protect risks to your business.

Highlights 01:29 Chad's background in finance and how his family works in the insurance business 02:38 Purpose behind captive insurance and how it saves businesses premium costs while providing coverage 05:16 Captive insurance as setting up a separate entity to cover business risks 09:28 Captive insurance allows for investment in conservative assets to grow surplus 10:40 Different structures in the captive world, such as pure captive, single parent captive and group captives 17:40 Using captive insurance in financing and supporting the business. 19:15 The importance of tax savings and surplus building in the captive insurance process. 21:01 Primary focus of captive insurance is risk mitigation 21:25 The different ways a captive can be taxed and the need for proper structuring when creating a captive 23:02 Services that Chad's company provides to help business owners manage their captive insurance efforts 26:19 Steps business owners should take in determining if captive insurance is right for them

Episode Resources

• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA
• Connect with Chad Spitzer
• https://www.captiveinsuranceusa.com/
• https://www.linkedin.com/in/chad-spitzer-1b99765
• CHSPITZER@higginbotham.net

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