The Building BITE

Please tune in to this episode of The Building BITE Podcast, as we hear from industry experts about key topics to help you be successful. The Building BITE host Mike Diercksen, CRIS, welcome Jeff Caudill, CRIS, VP of Risk Management at The Haskell Company. We begin the episode by discussing Jeff’s path from working with Toyota, and getting his feet wet in the insurance space, to eventually landing in the construction industry, bringing him to The Haskell Company. Jeff has been in the insurance space for 20-30 years now and ultimately made the move to bring The Haskell Company into a Single Parent Captive. As always, we look to provide our audience with three key takeaways and best practices and Jeff did not disappoint: 1. Patience: This is not a quick 30-day process, rather it could and should take up to 6 months. In that time, you should look to get comfortable with those who you are working with and make sure you do your homework. 2. Educate Yourself: There are plenty of pros but certainly some cons when it comes to forming a Single Parent Captive. The Best way to ultimately determine what makes the most sense for you and your firm is to really dig into the details and figure out where you can be successful. Once you do your homework and have a solid idea of what you want to accomplish you are ready to take the next step. 3. Just Do It: There are plenty of people who are afraid to take that first step but honestly what do you have to lose? I think if you are curious about captives, the best thing you can do is to dive in and learn as much as possible; you have nothing but positives to gain from exploring your options. To learn more about how you can explore Single Parent Captives to better prepare your firm for the challenges ahead, listen to our full podcast episode with Jeff on “Maximizing the return on a Single Parent Captive” Please like, share, and subscribe to this podcast!