Become an Owner of Insurance, Rather than a Buyer
A captive solution could bring powerful benefits to your organization. Captives are primarily used by business owners for workers’ compensation, general liability, and automobile exposures. A captive deploys company capital more efficiently than traditional insurance by reducing the total cost of risk, generating more profit and shareholder value.
Why Consider a Captive?
DISRUPT THE STATUS QUO
Innovate and create a competitive advantage on a proven platform--while creating an asset and profiting through your insurance solution.
BIG PICTURE COVERAGE
Rather than engaging an insurance company to assume risk, an organization sets aside money to pre-fund future claims.
TIMELY, PERSONALIZED DATA
Personalized metrics for a measurable ROI based on your unique organization, creating powerful insights through risk personalization.
Identifying coverage gaps and important insurance coverages that are non-existent and that the client may be unknowingly “self insuring”
Captives in Action
When an Alera Group client recently experienced rapid growth, the company’s workers’ compensation premiums went through the roof. To get costs under control, the company transitioned from a traditional policy to its own captive. As a result, the company experienced:
- 45% reduction in Total Cost of Risk (TCOR)
- $703,365 Total Recaptured Cost of Risk for reinvestment opportunities
- At a 10% profit margin, savings contributed 8.3% to net profit