Should my Company Consider a Captive Insurance Option?

Risk ManagementCaptive Insurance
Written By Chris Moxley
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There are several types of Captive Insurance products available today. If you are a Middle Market Customer (premiums over $150,000) it is something you should consider.  Other factors that make you a candidate:

  • Good Loss Ratio's over the last 5 years

  • Quality Safety programs in place

  • Profitable for most of the last few years

  • Entrepreneurial - you must risk "some" money to make some money

Typically these coverages can generally be placed in a captive or group captive:

You can also consider a Captive for a single line of coverage.  A good example of this is professional liability. If you pay a high premium for this or have unfavorable terms (deductibles, and payment terms) you may want to consider a captive to insure some or all of this line of coverage or even to insure deductibles.

Chris Moxley

Chris joined Professional Insurors in 1995 as a Producer and became Vice-President in 2004, where he overseas human resources, agency operations, & technology as well as continuing to manage his client accounts and grow the business. He has worked in Insurance for over 30 years and he has specialized training and experience in the fields of Construction Risk Management and Risk Transfer, Property Management, & Manufacturing.

https://pi-ins.com/contact-cmoxley
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