Captive Insurance

Captive insurance helps you take control of your insurance: reduce costs and tailor coverage to your specific needs.

In its purest form, a captive is an insurance company formed by a business owner or a group of business owners to insure their risks. Through common ownership, captives can provide customized insurance, risk transfer, and risk management solutions that are specific to the needs of the insured parent company.

Captives provide enterprise risk financing for the following types of coverage:

Startup costs and annual operating costs are involved with launching and running a captive insurance program. While every situation is unique, budgeting up to $20,000 for both the startup and annual operating costs is a good ballpark figure.

Captive insurance can help your business grow by providing more comprehensive coverage, lowering costs, and improving cash flow. If you need a captive to take care of all of the risks that come with running a successful company, we are here for you so that you don’t have to worry about anything but growing your business!

It might be time to switch insurers whenever your existing insurer's service doesn't meet your needs. For example, it might be time to consider other options if you have poor claims experience or an unexplained rate increase.

If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.

Contact us today to help you with multiple options to choose from.