Captive banks are owned by another entity and offer similar services to other banks, but only to a select few. They can provide tax benefits and have more control over business conduct, but may not offer the same protections as other banks. Captive banks are financial institutions wholly or partly owned by another entity and […]
A captive portal is a web browser authentication method commonly used by Wi-Fi hotspots to verify user permission to access an internet connection. It requires users to log in, enter payment information, or agree to an acceptable use policy. This method prevents users from accessing other internet services until they complete the authentication process. However, […]
Captive fasteners are nuts mounted inside a tube or channel, used in hard-to-reach places. They have serrated edges and are used in household items, cars, and wood products. They eliminate the need for access holes, reducing costs and increasing strength. Dzus and quarter-turn fasteners are popular in the automotive aftermarket. Captive fasteners are pieces of […]
Captive insurance offers private insurance options for companies that have difficulty obtaining insurance on the public market. Types include single parent, group, and association captives, as well as risk retention pools and captive rental insurance. It is a good option for high-risk industries. There are many different types of captive insurance, a type of private […]
A captive product is an item that is useless without another specific product, and is often priced higher than the main item. Examples include refill cartridges and razor blades. Companies use captive pricing to earn additional revenue and encourage customer retention. Some captive products can enhance the main item, while others may be made by […]
Captive business process outsourcing (BPO) involves outsourcing to a wholly owned subsidiary, providing companies with control over information and supply chain. It is more expensive than third-party vendors, but offers greater control and security. Companies choose between third-party vendors and captive BPO based on their priorities. In captive business process outsourcing (BPO), also known as […]
Captive insurance offers private insurance options for companies unable to obtain coverage on the public market. Types include single parent, group, agency, and risk retention, with rent-a-captive available for smaller businesses. Captive insurance is useful for high-risk industries and can be recommended by insurance specialists. There are many different types of captive insurance, a private […]
Captive agents are licensed insurance agents who only promote the offers of a single insurance company. They may work as full-time employees or independent contractors, but can only sell the types of coverage offered by their sole provider. This arrangement benefits both the agent and the insurance company. The captive agent is a fully licensed […]
