Single Parent Captive Insurance

A Single Parent Captive (SPC) is an insurance company wholly owned by one organization to insure its own risks. It covers a wide range of risks, including those uninsurable in traditional markets, offering companies greater control over claims, underwriting, and risk management processes. SPCs help reduce reliance on commercial insurance markets, providing stability against market fluctuations and allowing for predictable premium payments. Benefits include potential cost savings, direct access to reinsurance, and the return of underwriting profits to the owner.

Ideal Candidates for Single Parent Captive

Ideal clients for SPCs are companies with significant risk retention capabilities, typically reflected in high deductibles and robust financial standing. These companies generally have gross revenues of at least $50 million, an annual property and casualty (P&C) spend of $1 million or more, and over 500 employees. They also demonstrate a strong appetite for risk and a commitment to loss control and risk management. SPCs are particularly suited for firms seeking a stable, long-term insurance solution, providing a tailored approach to managing their unique risk profiles while capturing financial benefits from underwriting profits and investment income on premiums.

Reach out to us today to explore Single Parent Captive Insurance Options tailored to meet the specific needs of your business!