Member Owned Group Captive Advantages
Alternative Risk Resources’ object is to minimize the cost of insurance and enhance the bottom line of Captive members.
Is your insurance designed for your needs?
As a member of a group Captive, you are far less susceptible to the ever-increasing and unpredictable costs imposed by conventional insurance providers year after year. Other benefits enjoyed by group Captive members include:
Lower costs. Conventional insurance pricing rarely reflects the actual cost of the protection you are purchasing. This cost often includes markups to cover the insurer’s acquisition costs, marketing expenses, high commissions, administration and overhead. This cost structure is specifically designed to deliver profit to the insurer’s bottom line. In a Captive, the goal is to minimize those costs and enhance your bottom line.
Better services and better management. A Captive can purchase strategic insurance products, such as specific and aggregate excess reinsurance coverage, that allow each captive member to manage predictable losses while transferring potential catastrophic losses. This leads to improved loss control and greater awareness of the factors that commonly give rise to losses, so that they may be reduced and often prevented in the future.
Enhanced profit potential. As a member of a group Captive, safety pays. You are rewarded for effective risk management by receiving dividends that are directly related to loss performance, while investment income accumulates to your benefit. That’s more money in your pocket to invest in whatever way your business needs it most.
Long-term control of your insurance outlook. Group Captives afford their members the ability to customize insurance programs that are tailored to their specific needs, so that you’re not paying for coverage you don’t require. Also, as a Captive grows, so does its risk tolerance and ability to negotiate favorably with reinsurers.
Give your attention to what matters: your business. By turning to an independent Captive specialist, like Alternative Risk Resources, you spend less time addressing insurance issues and more time running your business.
Who should consider a Captive?
A member-owned group captive insurance company is ideal for organizations that share such qualities as:
- Long-term financial strength and stability;
- Management teams committed to safety, with solid safety programs in place;
- Loss histories that are better than average for their respective industries; and,
- Minimum casualty premiums of $100,000.
- Our clients range from $100,000 to $5 million in premiums.
How can you get started?
Alternative Risk Resources makes it easy for you to get started in a group Captive. Our dedicated team of professional insurance specialists will work with you to understand your company’s specific insurance needs and goals. Then, we will structure a program to best meet them.
“Upon joining the Churchill captive, Johnsonville experienced an almost immediate advantage. There is great benefit in networking with the companies across Churchill all who make safety and loss control a top priority. Additionally, the captive’s disciplined investment approach has helped keep the cost of Johnsonville’s total cost of risk lower. Johnsonville looks forward to many fruitful years to come with the captive.”
Controller, Johnsonville, LLC
Every year, business owners and executives invest a substantial portion of their revenues to insure the health and safety of their employees and companies. Isn’t it time you earned a return on that investment?
Contact us for more information on how Captives work, our services and success stories with businesses like yours. You can also speak with a business in your industry that is benefiting from a Captive membership.
Use our experience, specialized-Captive focus and total transparency to transform your insurance program costs into profits.