Tired of increasing rates for General Liability, Auto, and Workers’ Comp...
... despite having few claims and a strong safety culture?
Construction captive might be the answer to help control your costs.
In short, a group captive can help turn your insurance program into an asset. Here are some key captive benefits:
- Significant potential cost-savings on General Liability, Auto and Workers’ Comp combined when losses are controlled
- Greater control over your insurance program based on your loss history – don’t be affected by the losses of the entire construction industry or adverse market conditions
- Investment income potential due to low loss activity – receive dividends on your invested unused insurance premiums
- Contain your tax burden with profits in a tax-preferred environment
- Improved cash flow benefits as a result of improved control over claims handling and reporting
Explore better insurance rates.
Some of Our Success Stories...
on Workers’ Comp audit premium for a contractor in a captive
investment income due to contractor’s large loss reserves, despite their significant losses
Value We Provide to Construction Companies
Why should your rates be potentially affected by the entire construction industry’s losses?
We specialize in group captives, an alternative risk finance program that allows best-in-class construction companies, like yours, to enjoy long-term rate stability and own an equity stake in your insurance company. Captive members are selected based on their established history of safety and loss control practices.
Here's why our many clients, who leverage our captive, love it:
Potential Lower Long-Term Rates
You can often save on your Auto, Workers’ Comp, General Liability premiums combined.
Investment Income Potential
A set amount of premiums paid to the captive are invested, and any unused loss funds are returned to you along with any potential earned investment income.
Cost Stability
Captive offers better control over your insurance program and less volatility than traditional insurance markets, because you are not affected by the losses of the entire construction industry. Your rates are determined based on your losses and exposures.
Safety Best Practices
Our in-house team of safety professionals can help implement various safety best practices, which are critical to reducing the likelihood of property losses and employee injuries. As a result, fewer claims can lead to better insurance rates.
Improved Cash Flow
Better control over the claims management and reporting can free up your premium loss funds that would otherwise be reserved for claims.
Interested in learning whether you qualify for a captive to help manage your insurance costs?
Start a no-pressure conversation today.