The special purpose, private insurance company described in Captive Wealth is typically owned and controlled by the owner(s) of successful small businesses and is used to insure and re-insure the risks of the parent company. Commonly known as a captive insurance company and created for the right reasons and set up properly, it is used by business owners across dozens of industries to mitigate business risks. That in turn creates, grows and preserves wealth. In many cases, the captive becomes the primary profit center for the parent company business owners, operating in a controlled environment with favorable tax consequences.