Should my Company Consider a Captive Insurance Option?

Captive Insurance Option programs by Professional Insurors OKC.

There are several types of Captive insurance products available today.  If you are a Middle Market Customer (premiums over $150,000) it is something you should consider.  Other factors that make you a candidate:

  • Good Loss Ratio's over the last 5 years

  • Quality Safety programs in place

  • Profitable for most of the last few years

  • Entrepreneurial - you must risk "some" money to make some money

Typically these coverages can generally be placed in a captive or group captive:

  • General Liability

  • Workers Compensation

  • Commercial Auto

  • Commercial Property

You can also consider a Captive for a single line of coverage.  A good example of this is professional liability.  If you pay a high premium for this or have unfavorable terms (deductibles, and payment terms) you may want to consider a captive to insure some or all of this line of coverage or even to insure deductibles.