Although companies will be impacted by the COVID-19 pandemic in ways they already expect, firms may also discover risks that are not currently included in their existing policies and coverages, according to Jennifer Stalvey, director of captive insurance for the State of Tennessee.
In a recent interview with Captive Insurance Times, Stalvey explained that captive insurance has always offered an alternative risk solution to businesses to better manage some of their risks.
She said: “Enterprise risk captives, in particular, can help a company mitigate business interruption risks that pose a significant financial threat to their operations, such as supply chain interruptions or the loss of key customers.”
To read the full interview with Stalvey, download the latest issue here.
