Heterogenous Group Captive:

A heterogenous group captive is a type of group captive insurance that involves multiple companies from different industries. Group captive insurance is a form of self-insurance where a group of companies form and own their own insurance company to cover certain risks. By joining a heterogenous group captive, the companies can benefit from risk diversification, lower costs, and more control over their insurance programs.

EXAMPLE:

• Some examples of industries that often participate in heterogenous group captives are construction, manufacturing, retail, wholesale, distribution, and specialty trade contractors.