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Practice Areas

Captive Insurance Companies

A captive insurance company is designed primarily to insure the risks of one or more affiliated closely held businesses. It issues insurance policies, collects premiums and pays claims. Over ninety percent of S&P 500 companies use captives. Until recently, the use of captive insurance companies by small and medium size businesses was not feasible. Closely held businesses that utilize captive insurance companies in their risk management program can control risk and minimize insurance costs.

 The firm assists closely-held businesses and their owners in evaluating, designing and implementing captive insurance company solutions.

Corporate and Business Law

The firm is prepared to meet the needs of closely-held family businesses. The firm provides
support for corporate and business entities in all phases of operation from formation to dissolution
and liquidation. We assist our clients with analysis and guidance regarding business
entity formation (limited-liability companies, C and S corporations, general and limited partnerships
and sole proprietorships) and mergers and acquisitions.

Contact the Firm

The Coomes Law Firm, P.C. 
2027 Stonegate Trail, Suite 115
Birmingham, Alabam 35242
Phone: (205) 552-1550

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