Group Captive Insurance

A group captive is a licensed, regulated insurance company that is owned and controlled by its policyholders. It pools together resources from multiple companies to manage risks collectively. These companies typically share similar risk profiles and work together to cover various types of insurance, such as workers' compensation, general liability, and automobile liability. By participating in a group captive, members can benefit from stabilized insurance costs, better control over their insurance programs, and access to underwriting profits that would otherwise go to commercial insurers. Group captives often have high retention rates due to their collaborative and cost-effective nature 

Ideal Candidates for a Group Captive.

Ideal clients for group captives are companies with five years of loss history and experience in workers' compensation, general liability, and automobile insurance. These companies must have financial stability and an appetite for retaining risk, along with a commitment to loss control and risk management. Suitable candidates typically have guaranteed cost premiums of $100,000 or more across various lines of coverage and maintain a loss ratio under 50% over five years. Group captives benefit firms that seek a long-term approach to insurance and risk management, providing stability, control, and potential cost savings through collective purchasing power and shared underwriting profits.