Take Charge of Your Insurance with Captive Solutions
What is a Risk Retention Plan?
The Risk Retention Plan utilizes a traditional large 831(a) Captive that allows business owners to self-fund for commercial insurance including: general liability, workers comp, auto, umbrella/excess liability, and property — an option previously enjoyed exclusively by large companies.
Who Is a Fit?
Typically, companies with insurance premiums over $250k and low loss ratios may be a fit.
- High-performing mid-market businesses
- Companies with low loss ratios and a desire to self-insure
Benefits
Reduce Total Cost of Risk: An 831(b) Plan can be a tremendously flexible tool to gain long-term advantage.
Greater Influence Over Claims: The active engagement of clients in their claims is positively encouraged
Reduce Coverage Disputes: As primary insurer, the client can influence the interpretation of intent behind policy coverage