Types of risks

List of the types of risks you should consider when designing a captive follow:

•commercial market policy deductibles
•commercial market policy exclusions and exceptions (DIC – difference in conditions)
•gaps in commercial market policies
•health insurance risks
•disability insurance risks
•worker’s compensations risks
•malpractice liability
•professional liability
•reputation risks
•employer liability (employment practices and others)
•cyber and technology risk
•any negligence or recklessness based occurrence
•any injury claim by employees or 3rd parties
•potentially intentional acts causing damage as well
•other property and casualty risks
•intentional harmful acts
•natural disasters
•tenant or creditor collection risks
•acts of war or terror
•business disruption
•key ingredient or service supply disruption
•key employee loss
•key contract loss
•key customer loss
•currency and economic risks
•mortality and disability, including key man exposure
•breach of contracts
•unexpected legal complications and fees such as regulatory and adminsitrative actions
•performance and service warranties and rework
•product function and suitability warranties
•deferred compensation risks
•career and business disruption risks
•other employee benefits
•director and officer errors and omissions
•deductibles and self-insured retention layers
•carrier liability
•marine cargo
•other inventory risks
•warranty and operating performance
•litigation risks
•any crime risks
•bad debt and collection risks
•consumer boycott risks
•regulatory environment changes
•technology obsolescence
•IT and information security risks
•intellectual property risks
•business continuity, succession and transfer financing