When it comes to commercial insurance, your company has a lot of options. If you don’t want to go through the typical problems associated with traditional insurance markets, you may want to consider a protected cell captive. PCCs are identifiable cells owned by the same or different cell users where the assets in each cell are segregated from each other.
What Types of Companies Use PCCs?
Companies that may benefit from protected cell captives are small companies that may not form a single captive. In addition, if your business wants to access specialist reinsurance markets or wants to establish a strategic alliance or joint venture, you may be interested in a protected cell captive.
What Are the Benefits of PCCs?
When it comes to PPCs, there are no restrictions regarding the type of business undertaken by a cell. In addition, companies benefit from:
- Quick set up
- Insurance control
- Fast exit
- Low set-up costs and administrative costs
- Program design flexibility
When protected under a PCC, you are more likely to have low monthly premiums and low yearly maximums. In addition, you are more likely to find niche insurance products.
If you want more control over your company’s insurance policies, you may want to think about protected cell captives. A PCC may provide you with lower costs and more flexibility.