Steven Mallow - Captives August 29, 2017

August 29, 2017

Steven Mallow


While captives have many different facets and layers to them, one thing that is left up to the captive is choosing a lawyer for when situations arise. Here’s how that is different than a standard carrier.

Standard carriers provide counsel for you in the event of a claim. Technically the lawyer should be looking out for the best interest of the insured, but will they really do that? As they are hired by the insurance company, not by you, their incentive may be to appease the company more so than make the 100% correct moves. While there are tons of lawyers that this would not be a problem what so ever, there are some that this is a problem. Which lawyer do you think the insurance carrier is more likely to continue to hire?

With a captive, the member owners hire the lawyer and choose the person they think represents their interests best. You can guarantee that they will have your best interests at heart this way and not really be working for someone else. It’s easy to see how this can lead to more favorable results.

While this is just one thing that a captive gives companies an advantage on there are many more. You can learn more about them at or by reading more on my LinkedIn profile.