Group captives have become a popular strategy for financially sound companies seeking an alternative to buying insurance the “old fashioned way.”

These programs allow your company to take control of your insurance destiny. It gives you the chance get a return of more than 60 percent of your premiums while improving your risk-management program. Above all, it reduces costs, returns underwriting profits and investment income.

The method of managing risk is easy with this program. Predictable losses are retained and catastrophic losses are transferred. Your costs are lower because premiums are based on your loss exposures, so lower claims means more money in your pocket. In addition, operating costs are lower, only good risks are accepted, loss prevention and claim management increase, unused loss funds are returned.

Your primary lines are covered under the group captive program (workers’ compensation, general liability and auto liability). You know what your total cost will be if you do have a catastrophic claim; but more importantly, it is shared with your member companies to spread the risk as you pay your losses over several years.

DIB can provide a forensic analysis of your claim experience and illustrate how much you can save in a captive program.