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... jumping at every 5% premium drop that the insurance companies are hawking. Captives allow businesses to reduce their insurance and loss expenditures through risk control. Captives often spring up when there's no fairly priced coverage for exposures not covered by standard insurance lines, such as underground storage tanks. The industry understands that some exposures are best managed by a captive or other self-insurance arrangement. Group-owned captives require a capital commitment from each owner, and usually only insure the risks of members and owners. For owners, these programs are equivalent to having ... company subsidiaries. Rent-a-captives offer many of the benefits of ownership without the capital commitment. Years ago there was only a handful of rent-a-captive operations. Today Bermuda seems to have one on almost every street. Middle-market group captives usually cover owners' and shareholders' loss exposures. They may be domiciled offshore in places like Bermuda, Cayman, and Barbados. Some write unrelated third-party business for firms that don't contribute capital and aren't owners or shareholders of the captive. All unrelated third-party captive business is domiciled offshore, because U.S. domiciles don't ... them. However, Vermont and Maine allow controlled third-party business in which at least one member has direct control over activities of the third-party member, such as business practices or loss control. MEMBERSHIP The most successful middle-market captives are very selective about membership - for good reason! Suppose a captive retains the first $250,000 of each loss and members are responsible for the first $150,000 of their own losses. The remaining $100,000 is shared among all members. That $100,000 can be distributed ...

...urance lines, such as underground storage tanks. The industry understands that some e... don't contribute capital and aren't owners or shareholders of the captive. Al...

... including the state consultation programs and local OSHA offices. Additional checklists are available from the National Safety Council, trade associations, insurance companies, and other similar service organizations. SELF-INSPECTION SCOPE The scope of your self-inspections should include the following: PROCESSING, RECEIVING, SHIPPING AND STORAGE: Equipment, job planning, layout, heights floor loads, projection of materials, and materials-handling and storage methods. BUILDING AND GROUNDS CONDITIONS: floors, walls, ceilings, exits, stairs, walkways, ramps, platforms, driveways, and aisles. HOUSEKEEPING ... ] Have arrangements been made to maintain required records for the legal period of time for each specific type record? (Some records must be maintained for at least 40 years.) [ ] Are operating permits and records up-to-date for such items as elevators, air pressure tanks, liquefied petroleum gas tanks, etc.? SAFETY AND HEALTH PROGRAM [ ] Do you have an active safety and health program in operation that deals with general safety and health program elements as well as the management of hazards specific to your work site? [ ... you to determine the action needed to solve these problems. Once the hazards have been identified, you can institute the control procedures described in Section III and establish your four-point safety and health program. Technical assistance in self-inspection may be available to you as a small business owner or manager through your insurance carrier, the local safety council, and many local, state, and federal agencies, including the state consultation programs and local OSHA offices. Additional checklists are available from the National Safety Council, trade associations, insurance companies, and ...