Commercial insurance solutions often lack the flexibility or the financial creativity to meet the needs of larger insureds. Our captive structures
address many of the major shortfalls of the conventional market approach for these customers, including:
Transparency into and client involvement with annual premium development that reflect insured’s experience and not an array of external, market-driven factors out of the insured’s control.
Greater control over financial decisions involving claim resolution. Insureds decide whether or not to litigate and hire their own counsel to manage litigation.
Letter of credit replacement strategy using the captive as a substitute for the collateral requirements of the deductible program, eliminating the impact on a client’s working capital for this commercial market security requirement.
Fill in gaps in coverage through customized policy terms to cover unique exposures, exclusions, or uninsured/underinsured risks.
Reduce risk transfer costs and dampen the resulting volatility of larger risk positions by creating a “shock absorber” using the captive to insure excess layers within a risk management program.
Use profits generated by good loss experience to offset new premium requirements in future policy years, allowing for a multi-year strategy that can simplify budgeting.