TAKING THE FRUSTRATION OUT OF WORKERS' COMPENSATION!
Download Captive Brochure
INTRODUCTION TO CAPTIVES
BENEFITS OF GROUP CAPTIVES
TYPES OF CAPTIVES
IS A CAPTIVE RIGHT FOR ME?
HOW TO JOIN A CAPTIVE
HEALTH INSURANCE CAPTIVES
TURNING PREMIUMS INTO PROFITS BOOK
IS A GROUP CAPTIVE RIGHT FOR ME?
TURNING PREMIUMS INTO PROFITS
Is a Group Captive Right for Me?
Generally speaking, it is easy to determine if you might be a good fit for a captive. You just ask yourself the following questions:
If you can answer YES to these questions, a group captive may make financial sense. It is important to know that every captive member will need to be able to meet their claims obligations, and therefore they are financially reviewed by the captive manager. Because of this, each member business puts up collateral (or posts a letter of credit) in the first few years until their asset account has accumulated to a sufficient level.
There are additional nuances that help determine how much a business will benefit from joining a group captive. A broker with experience in group captive insurance programs will do a more complete evaluation once a business is identified as a likely candidate.