Captive Insurance Expertise
Alternative Funding For Commercial Insurance
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Captive insurance expertise in kansas city

Turning Insurance Expense into a Revenue Stream

Companies in high-risk industries – like heavy construction, roofing or manufacturing – are often penalized with higher premiums simply because of the nature of their industry and the poor safety records of many companies.  Participating in a group captive insurance program can be a lucrative option for companies that place safety as a top priority and are interested in seeing their unused loss funds returned to their bottom line.

Captive insurance expertise in kansas city

Group Captives Defined

A group captive is company that provides insurance to and is controlled by its owners. Typical insurance coverage includes Workers Compensation, General Liability and Automobile Liability. If your combined premiums exceed $175,000, you are privately held, have superior safety plans in place and a good financial track record, you are a good candidate to look at this alternative funding solution.

Captive Expertise

Experienced advisors guide the process.

Not all brokers understand or sell captives. The Miller Group has been in the captive environment for over two decades. They have strong relationships with some of the most established captives in the country, and have helped many of their clients save hundreds of thousands of dollars.

Captive Expertise

Financial analysis helps determine viability.

With in-house financial analytic resources, The Miller Group can deliver a preliminary assessment of your current coverage and claims situation.  This fact-based analysis provides the first step in determining if a captive option is right for you.

Benefits of a Captive.

Big companies do it.

Over 50% of total U.S. premiums currently go into self-insured and captive programs. Historically recognized as a vehicle for fortune 500 companies, group captives have become a valuable tool for middle market companies as well.

Unused loss funds provide bottom line success.

Historically, captive members create a 30% - 40% return on what is traditionally a major expense. Miller Group captive clients have seen a significant reduction in the cost of their insurance when compared to traditional markets. And interest income from unused loss funds provide investment income as well.

You perpetuate a great safety culture.

In a traditional insurance environment, your premiums are determined in large part by the safety record of your industry – not your specific company results. As a captive member, you’ll be rewarded for putting in place the safety policies and practices that help ensure outstanding claims performance.

You learn from other high performers.

Captives don’t let just anybody in as a member. There is a stringent application and vetting process that determines ownership. Once in, you’ll meet regularly with other like-minded business owners and learn from the best.

You take control.

As a captive member, you are the one in the driver’s seat about when and how claims are paid. Yes, that does imply more responsibility, but you have the ability for tighter claims management than in a traditional insurance setting.

Insurance costs are more predictable.

What business owner likes surprises, especially when they are financial and detrimental to the bottom line? Big swings in the cost of insurance can wreak havoc on the budget process and planned growth. As a captive member, you’ll be able to map out a long-term plan and have more confidence in your risk management expenses projections.

Is a Commercial Captive Right for You?

Commercial captives can be an excellent cost-containment strategy for many businesses, providing significant financial benefits.  But it’s not right for everyone.  The Miller Group has worked with dozens of companies, providing the necessary financial analysis to determine if a commercial captive makes sense. Fill out the form to gain access to a preliminary questionnaire to see if a captive solution may be right for you.

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Do you know your total cost of risk?

Do you have a loss prevention plan that helps you reduce claims?

Are you sure you are fully protected?