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Group Captives
The Group Captive strategy brings companies together to form their own insurance company. The member participants own the right to their underwriting and investment income.
The profile of a group captive company:
- Accounts with premiums ranging from $100,000 to $2,000,000
- Entrepreneurial spirit
- Desire greater control
- Financially secure
- Commitment to loss control and safety improvement
Coverage provided within the captive includes:
- Workers Compensation
- Commercial General Liability
- Automobile Liability/Physical Damage
Single Parent Captives
A Single Parent Captive is any company that insures risks of its parent and affiliated companies.
The profile of a single parent captive company:
- Owned by one company
- Designed for a company with annual premiums in excess of $3,000,000
- Provides greater accountability for all profit center programs
Rent-A-Captives
The Rent-A-Captive facility is designed to "rent" space to multiple programs/insureds through a "segregated cell" structure.
Rent-A-Captive programs can be structured for agents, associations, affinity groups, or large individual companies:
- With annual premiums in excess of $1,000,000
- To finance their risk in an existing captive
- That provides all the benefits of a captive without ownership obligations
- To purchase "unbundled" services
- To become highly tax-efficient
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