Say the word “Captive” and it can mean many things to the insurance buyer. RHSB takes the confusion out of this non-conventional way to fund commercial insurance placements.
Extensive Experience with Captives
There are many types of captives:
- Group Captives – owned by individual member insureds with common exposures.
- “Micro” Captives – allows an organization to establish its own captive insurance company to cover self-insured risks/exposures.
- “Single Parent” Captives – those formed by larger corporations, controlling all aspects of program/terms.
- Group Medical/Health Captives – a partially self-funded employer placing a layer of their claims exposure into a group with other members.
Regardless of the type that may be right for your organization, the advantages of captives are the same:
- Participation in underwriting profit that would otherwise go to conventional insurance carrier.
- Long-term premium cost stabilization – no longer at mercy of insurance market/pricing cycles.
- Superior risk control/cost containment resources.
RHSB has exclusive access to dozens of captive options that may be right for your business.
Firms That May Qualify:
- Closely-held operating companies (i.e., large family businesses with $25M to $1B in revenue)
- Retail stores
- Restaurant Chains
- Specialty Trade Contractors
- Employer groups with 100 to 500 employees