What Does Alternative Risk Financing Facilities Mean?

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What does Alternative Risk Financing Facilities mean? Read on to discover the definition & meaning of the term Alternative Risk Financing Facilities - to help you better understand the language used in insurance policies.

Alternative Risk Financing Facilities

Alternative Risk Financing Facilities

Alternative risk financing facilities are private entities that offer risk financing but are not official insurance companies. They include captive insurers, risk retention groups, pools, and individual self insurance. These entities can provide risk financing for personal or business property, worker's compensation, medical malpractice coverage, and a number of other forms of financial protection.

We hope the you have a better understanding of the meaning of Alternative Risk Financing Facilities.

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