BizSugar.com › Finance › Key Differences – Captive Insurance Vs. Self-Insurance: Which One Is Right For Your Business?

Oh, insurance! The word alone is enough to put any business owner in a panic. With so many options, choosing the right insurance type can be quite overwhelming. Captive Insurance and Self-Insurance are two business insurance options that businesses can consider. Captive Insurance is when a business owner sets up an insurance company to insure its own risks, while Self-Insurance is when a business owner assumes all financial responsibility for potential losses.