7 Ways Captive Insurance Companies Provide a Competitive Edge
Updated: Oct 25, 2019
Great, quick article that highlights the advantages of joining a group captive. As a general rule of thumb, if your company pays $150,000 or more of combined premium (General Liability, Workers' Compensation, Automobile Liability) and earns a loss ratio of 40% or less most years, you may be a good candidate for this alternative risk financing strategy.
These programs have the ability to:
Reduce premium costs by 10-40%
Offer dividends based upon claims performance
Provide industry specific risk management consulting
Increased control of Risk Management Programs
Underwriting is based upon individual losses rather than market trends
Visit our Alternative Risk Financing page for more details.
Click here to read the full article written by Spring Consulting Group Team >>>