June 2025 Edition

June marks the halfway point of the year, a good time to check in on your business goals and, more importantly, your risk management strategy.

With National Insurance Awareness Day coming up on June 28th, now is the perfect time to ask yourself: Are you truly covered? At US Captive, we specialize in providing insurance policies exclusively paired with captive insurance solutions. This structure gives business owners more control, greater transparency, and a long-term strategy for managing risk, especially the kind that’s high-severity and low-frequency.

If it’s been a while since you reviewed your insurance needs, now’s the time. We’re here to help you explore how a captive can fit into your broader business strategy.

Sincerely,

Larry Papola

Lawrence J. Papola, Jr.

President

LPapola@US-Captive.com

1-833-US-CAPTIVE

(1-833-872-2784)

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Kansas enacts protected cell captive legislation

Kansas has become the latest US domicile to authorize protected cell captive insurance companies after Governor Laura Kelly signed House Bill 2334 into law earlier this month.

The act lets sponsors establish protected cell captives in stock, mutual, non profit or LLC form, with each cell’s assets and liabilities ring-fenced from every other cell.

Captives that redomesticate to Kansas will owe premium tax only on direct and assumed business written after the move, and may elect a one year holiday from that tax.

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National Insurance Awareness Day - Are You Covered?

National Insurance Awareness Day is coming up on June 28th - a great opportunity for business owners to revisit their risk management strategies and make sure they’re well protected for the road ahead.

At US Captive, we specialize in providing insurance policies exclusively paired with captive insurance solutions. This unique structure gives businesses increased control, improved transparency, and the potential for long-term financial benefits - particularly for managing high-severity, low-frequency risks.

Not only can we help with high-severity, low-frequency coverages, but we can also assist with commercial coverages like Auto Liability and General Liability.

As you reflect on your insurance needs this National Insurance Awareness Day, consider how a captive-backed policy could strengthen your risk management framework.

If you haven't spoken to the US Captive about how we can help with your risk management needs, reach out to us at to set up a call today.

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Captive Claim Highlight

Client Profile

Industry: Real Estate

Specialty: Real estate development services for residential and commercial properties

Location: New York

Claim Information

Description: A major customer of our Insured filed for bankruptcy and refused to pay several months of rent while actively occupying the space. The Insured attempted reasonable mitigation efforts in an attempt to collect the debt with an unsuccessful result. Once the bankruptcy proceeding concluded, the full revenue loss to the Insured was finalized. Through their Captive's Actual Net Loss Insurance Policy "Trade Credit" coverage, they were able to recoup their lost income.

Line of Coverage: Trade Credit

This exposure was elected for coverage by the client under their Captive Policy. This resulted in a claim payment amount of approximately $750,000.

*Please note that each claim will undergo an independent investigation and thorough review process. Various components specific to the claim at hand will be assessed thoroughly to determine if the loss is covered by the policy.

Happening This month:

6/5: World Environment Day

6/6: National Donut Day

6/8: World Oceans Day and BFF Day

6/14: Flag Day

6/15: Father’s Day

6/20: American Eagle Day

6/21: Summer Solstice

Why Form a Captive?

There are numerous potential advantages to forming a captive insurance company. Captive insurance companies are formed for both economic and risk management purposes. By forming a captive insurance company, a business can dramatically lower insurance costs in comparison to premiums paid to a conventional property and casualty insurance company.

Captives 101

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Let our team of experts guide you through the daunting task of selecting the right insurance coverage for you or your business:

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48 South Service Road

Suite 400

Melville, NY 11747

Office: 1-833-US-CAPTIVE

(1-833-872-2784)

Fax: 1-888-929-6565