Constitution Insurance Company: A Protected Cell Captive Insurance Company
Caitlin Morgan Insurance Services is dedicated to offering agents and their clients alternative solutions to manage their risk in a more cost-efficient way. Constitution Insurance Company, a Protected Cell Company located in Tennessee, was co-founded by Caitlin Morgan and M.R. Mead & Company to offer clients the benefits of a captive while eliminating many of the liabilities.
Here’s how it works: Constitution’s structure is that of a Protected Cell Company with independent entities beneath called Protected or Incorporated Cells. The entities can take the form of a C Corp, an S Corp, or a Limited Liability Company. Under Tennessee law, each unit and its assets and liabilities are separate from the actions of the other entities. A legal “ring fence” exists to protect the assets of one cell from creditors of another.
Additional Client Benefits
- Ease of entry and exit
- Flexibility in cost and regulation in a jurisdiction recognized globally for its business acumen
- Eliminates the cost in time and money learning about insurance company protocols and customs, allowing businesses to concentrate on their core focus of running their operation
- Leverage the benefits of owning a captive while eliminating many of the liabilities
- Use of financial resources more efficiently because the cells only cover a client’s actual exposure, not funding for a regulatory minimum which eliminates having capital that isn’t producing a return
We invite you to learn more about us.
Setting up a captive requires the right professional advisors, which you get with Caitlin Morgan and M.R. Mead & Company. Give us a call at 317-575-4440 to discuss how we can provide alternative solutions to your business clients, associations or high net worth individuals.