Captive Insurance

A captive is a closely held insurance company which provides coverage for and is controlled by its owners. It is most often utilized by larger businesses eager to reduce and control their long term insurance costs.

Key captive insurance benefits include:

• Unused premiums are returned as a dividend
• Initial premium pay-in amounts often less than conventional insurance programs
• Premiums are based on your company’s loss experience
• Captive participants earn investment income on the dollars in their loss fund
• Enhanced risk control programs help reduce losses
• As an owner of a captive, you have control over your insurance destiny.

Moreover, captive insurance can address a number of key coverage areas, among them:

• Workers Compensation
• General Liability
• Product Liability
• Commercial Auto
• Property

Contact us today to learn more about how captive insurance could benefit your business.