Picking the right insurance solution for your organization can be a challenge. Do you self-insure or use and outside provider? A traditional insurance product may seem like the more convenient choice, but you pay for that convenience through higher premiums that your company may not be utilizing. It’s a vicious cycle for the sake of security that could be hurting you financially.
If that’s the case, your company may be a strong candidate for captive insurance— an innovative option that empowers you to effectively self-manage your premiums and insurance costs while putting investments back into your business. It’s ideal for businesses committed to investing for the long-term by making the most of their insurance solutions.
The Four C’s of Captive Insurance
Like a diamond, captive insurance has Four C’s that make it truly stand out from other options.
COST
Instead of paying out to traditional, for-profit insurance companies, premiums remain within your company and can be used for future investment.CONTROL
Power is shifted from the traditional insurance company back to your own business, allowing you to develop your own terms relating to claims and qualifications.
CAPACITY
Power is shifted from the traditional insurance company back to your own business, allowing you to develop your own terms relating to claims and qualifications.
COVERAGE
Captive insurance offers flexibility, freeing you from the limits and restrictions of a traditional insurance plan. You and your employees can be covered at all times under your unique sets of standards.