Take charge of your coverage with the ultimate in business insurance customization and savings
You’re already the best in the business at what you do because you oversee every aspect of your company. But some things just seem like they are always out of your control – and as insurance professionals, we know how frustrating it can be to have things out of your control. Your best move may be to form a Group Captive, and become your own insurance company.
What Is Group Captive Insurance?
Group captive insurance is a type of insurance in which a group of companies collectively own and operate their own insurance company. This allows the group to share the risks and costs of insurance, and to benefit from any profits generated by the captive insurer.
Group captives are typically formed by companies in the same industry or with similar risk profiles, and are often used to insure against property and casualty risks. By pooling their resources and expertise, members of a group captive can often obtain insurance coverage at a lower cost and with greater flexibility than through traditional insurance markets.
How Do I Form a Group Captive Policy?
Group captive insurance can be a powerful tool for risk management and can provide significant financial benefits for participating companies. However, it is important to carefully consider the potential risks and benefits before joining a group captive, and to work with experienced professionals to ensure that the captive is properly structured and managed.
To maximize the benefits of a group captive, your company needs to be in it for the long-term, but our agents are here to answer all of your questions and get the process started.