Group Captive Insurance
The smartest companies are always looking for ways to manage their risks more efficiently. Do you realize that if you are a safe company you are subsidizing the premiums of unsafe companies? Do you know that there is a way for you to receive the underwriting profit earned on your account instead of the insurance company?
Captive Insurance companies have been around for over 50 years. Every one of the Fortune 500 uses one or more captives to manage their risks. You can join them, and buy your insurance much more efficiently than you do now. Some middle market companies have lowered their costs as much as 50% off what they are currently paying in the standard insurance market. Those savings are still going to be there whether the insurance market is soft or hard. Right now, premiums are about as low as they’re going to go. How great would it be to be paying less for insurance than all of your competitors?
If this sounds too good to be true, consider the following:
- What if you were insured by an insurance company that only accepted the safest, most financially sound businesses?
- What if all the underwriting income (the difference between your premium and your losses) was returned to you?
- What if you received all the interest on your premiums on deposit?
Those are the benefits of a Captive Insurance program and you can start enjoying them tomorrow.
Litchfield Insurance Group has been at the forefront of the Group Captive Insurance movement for almost 15 years. Fill out the form above or call to get a free analysis or request our White Paper which explains the concept in more detail. Join the growing list of middle market companies who have learned the “Smartest Way to Buy Insurance”.