ICS Captive Insurance Solutions
Group Captives
The Group Captive strategy brings you together with a group of like-minded businesses to form your own insurance company. Member participants own the right to their underwriting and investment income, and coverage within the captive includes:
- Workers’ Compensation
- Commercial General Liability
- Automobile Liability/Physical Damage
Group Captive Company Profile:
- Accounts with premiums ranging from $250,000 to $2,000,000
- Demonstrates entrepreneurial spirit
- Desires greater control
- Is financially secure
- Is committed to loss control and safety improvement
Single-Parent Captives
An insurance company formed to provide coverage to a single-parent owner, this structure is designed for any company that insures the risk of its parent and affiliated companies. Includes deductible reimbursement policy to assist companies in analyzing deductible options and structuring the preferred solutions for financing losses.
In addition to workers’ compensation, automobile liability and general liability, single-parent captive owners can fund for less traditional risks — such as subcontractor default, construction defect, errors and omissions, and warranty business.
Single-Parent Captive Company Profile:
- Designed for a company with annual premiums in excess of $1,000,000
- Set up by a corporation in order to manage its retained risk
- Provides greater accountability for all profit center programs
Rental Captives
A unique variation on captive ownership, Rental Captives allow companies to use a legally segregated underwriting account in an existing captive — rather than forming their own captive. This provides the benefits of a large deductible program while offering the budgetary stability of a fully insured program.
Rental Captive Company Profile:
- Annual premiums in excess of $1,000,000
- Agent, association, affinity group or large individual company
- Desire to finance their risk in an existing captive structure
- Wants benefits of a captive without ownership obligations
- Looking to purchase unbundled services