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Situation
An insurance client was debating the set-up of a captive insurer in
order to front out-of-state trucking risks.
Solution
After meeting with the client, the Eide Bailly team explained there was no need for a captive insurer since the company was already a risk-bearing entity. The company was able to provide the fronting
arrangement within the existing corporate structure.
Results
- Provided consulting advice as part of audit-with no additional fees, which saved the client from having to hire another consulting firm.
- Saved staff members time from having to fi le additional fi nancial
statements.
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