Dan talks to Charlie Woodman, Senior Director of Risk Finance & Analytics for WTW Construction, about Captives as an alternative risk transfer solution for design professionals. Whenever the property and casualty (P&C) market constricts and pricing for insurance products increase, more businesses will want to learn more about what options they might have to reduce their insurance costs. What is a captive exactly and what are the pros and cons of a captive in compared to your traditional commercial insurance? Is a captive a viable option for your firm and what are the criteria a firm must consider? What is a single or pure captive versus a group captive? What exposures and lines of coverage might you include in a captive? In this podcast, Dan and Charlie will review all these questions and more to help clarify some of the mystery and confusion around captives.