How Captives Can Cut Supply-Chain, Cyber Insurance Costs
By: CFO August 06, 2014
Chief financial officers of corporations that have already set up captive insurance companies or are thinking about setting one up should ponder the benefits of self-insuring cyber perils and supply chain business-interruption risks via a captive to supplement commercial insurance coverage.
Adding comprehensive or supplemental cyber risk and BI coverage through a captive should be considered an important contingent component to any company’s strategic risk management plan. These risks are real for most companies, and the potential damages to a company’s revenues and profits can be significant.