In a well-constructed risk management program, conventional insurance should play a limited role. To the maximum extent possible, a company should retain its own expected losses, thus avoiding the costs associated with transferring those losses to an insurance carrier. This is especially important in the current hard market.

Alternative risk financing vehicles include self-insurance, large deductible programs, fronting arrangements, captive insurance companies and rent-a-captive options. Each of these alternatives has its own particular advantages and disadvantages.

At Kevin F. Donoghue & Associates, we can help you implement a program of effective, and cost-effective, alternative risk financing. Our experts in this area will help you:

• Evaluate the relative feasibility of different approaches for your particular company.
• Assess the legal, regulatory, tax, and other issues associated with alternative risk financing.
• Identify the most cost-effective way to obtain the risk management services you need.
• Implement the most appropriate alternative financing program for you company.

Whatever your risk financing needs, you will benefit from our 30 years experience in helping other firms solve similar problems.