Small Business Reading Room

Friday, August 04, 2006

Delaware Captive Insurance Companies

Ever heard of a captive insurance?

Captive insurance is a risk management tool for businesses.

Captive insurance companies are usually formed by businesses that wish to better manage the cost and administration of their insurance coverage. Captives, as they are called, are insurance companies that are owned by the entities they insure. Because they are insurance companies and bear risk, they are regulated and must be licensed.

In 2005, the Delaware General Assembly, at the urging of Commissioner Denn and representatives of the Delaware financial services and legal communities, passed House Bill 218, modernizing Delaware law regarding the formation of captives and positioning Delaware to become a home to the growing number of captive insurance companies being created by companies worldwide.

For more details on the benefits of the Delaware captive industry visit

Thursday, August 03, 2006

Study finds nation's franchising sector is booming

Research conducted by the International Franchise Association (IFA) and franchising research firm FRANdata indicates that both new franchises and established franchises are growing in record numbers. Entrepreneurs and baby boomers are credited with leading the charge.

This is a good thing, considering that according to SBA Office of Advocacy statistics, small businesses are extremely important to the US Economy.

Small firms:

  • Represent 99.7 percent of all employer firms.

  • Employ half of all private sector employees.

  • Pay more than 45 percent of total U.S. private payroll.

  • Have generated 60 to 80 percent of net new jobs annually over the last decade.

  • Create more than 50 percent of nonfarm private gross domestic product (GDP).

The Office of Advocacy defines a small business for research purposes as an independent business having fewer than 500 employees.

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Delaware Intercorp, Inc.
113 Barksdale Professional center
Newark, DE 19711-3258

"For all the best reasons to incorporate,the best place
is Delaware and the best incorporator is
Delaware Intercorp!"

Call Monday - Friday 09:00 (am) - 17:00 (pm) Eastern Time (GMT-05:00)

Toll Free - USA only - 888.324.1817
International: (1) 302.266.9367
FAX: 302.266.9940