Alternative risk programs offer companies the ability to take more control of the insurance process and reduce insurance costs. Seubert can help you navigate the world of risk-retention groups, self-insurance plans, and captive programs to help you manage risk and improve cash flow. Together we’ll determine which of these, if any, are right for your company.
Captives
Captives are closely-held entities that, instead of paying premiums to large insurance carriers, pool money with other owners to buy insurance. Participating companies engage in specialized risk control and claims management, making them less apt to suffer losses. When captives are successful, less money is paid out and participants keep the investment income earned on the pooled dollars.
A captive program can be a way to both protect your assets and increase your profitability while controlling costs related to liability, property damage, professional indemnity, and escalating benefit costs. Seubert provides an in-depth knowledge of the rules and regulations governing these programs, along with recommendations for partners.
Captives work best for companies that are committed to taking steps to actively manage losses. With our experience and partnerships with some of the most reputable and experienced captive managers in the country, we can help you decide if captives are right for you, and help you get started.
Watch this video to see how captives have worked for some of our clients.