The GPW Difference
GPW is uniquely qualified to guide your company through every step of the captive formation and management process because of our team of accounting, tax and actuarial professionals, all under one roof. GPW’s captive professionals are experienced and well versed in captive accounting, tax and regulatory matters. In addition, we have a full service actuarial team that works closely with our captive professionals to address all of your company’s needs.
GPW provides a wide range of captive management services for many diverse industries including manufacturing, construction, automobile dealerships, and transportation. Services can be customized to meet your company’s needs.
Beginning with a feasibility study to determine if a captive is right for you, GPW can assist in the choice of domicile (either in the US or in a foreign jurisdiction) depending on your company’s needs. GPW provides comprehensive formation services from domicile selection to preparing and maintaining corporate records.
While the benefits of a Captive are many, the primary goal is to retain the profit that would have been made by an outside third-party insurance company and/or to provide coverage where coverage would not be available. By forming a captive, your company can lower the cost of insurance and enjoy many other advantages as well.
Many businesses are faced with rising insurance costs and an increased amount of risk that is self-insured either by choice or by necessity. An increasing number of small and medium sized companies are implementing Captive insurance programs to address these serious insurance concerns and to obtain insurance that is otherwise unavailable.