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Captive Insurance Program
An alternative to your traditional insurance program
In today’s marketplace, businesses are turning away from traditional insurance
programs and looking for alternatives with lower costs and more control. At the
request of our own clients, we have spent years researching alternative programs
structured properly for the needs of our clients.
For More Information:
An Illustration of the Differences between Traditional & Captive Program
Why a group captive may be right for you (pdf)
Our Clients Asked for:
- Control of insurance pricing
- Control of the services they receive
- Control of claims settlements
- Control of the underwriting profit and interest that
otherwise would go to the insurance company
| Traditional Insurance Programs |
Well Structured Captive Programs |
Advantages:
- Guaranteed Cost
- All services are bundled
- Full Tax deductibility
- Poor loss experience may go “Unpunished” at renewal
Disadvantages:
- Insurance company expenses are passed along to you
(Including their profit)
- Good Loss experience may go “Unrewarded” or
inadequately rewarded at renewal
- Inflexible pricing & coverage
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Advantages:
- Reduced Operating Costs
- Investment Income and Underwriting profit is retained
by you, not the insurance company
- Improved Service by unbundled service packages
- Long Term Stability and pricing
- Good Loss Experience is rewarded specific to
your account
- Control over sensitive loss settlements (Claims)
Disadvantages:
- Long term commitment to program
- Internal administrative costs
(You spend more time participating)
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“We moved into the Captive Resources program to gain long-term control of our costs of insurance, improve claims management, and have the opportunity to retain interest income and underwriting profit on our premiums.
The Leavitt Group of Boise and Captive Resources delivered a well structured captive program that provided this opportunity. Our decision to join a captive will provide the long-term stability in cost and control of the risk management program for Norco.”
Kevin Chase
Chief Financial Officer
Norco, Inc.
Or contact our office today. We will be glad to discuss what program is right for you.
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