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Captive Insurance

Leverage your safety programs and loss ratio to take control of your premium costs.

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Spotlight on: Captive Insurance

Your great loss ratio could help lower your insurance costs.

Whether you operate a business in a market with limited insurance carrier options or just want to explore alternative options to your guaranteed cost insurance, captive insurance may be an option you want to consider.

Captive insurance is an alternative risk financing technique that rewards mid- to large-sized companies with competitive loss ratios.

If your organization has a great safety record, stellar loss control measures and solid financials, you could be a good fit for a captive program.

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How does captive insurance work?

Captive insurance is an alternative insurance model where a company creates or joins an insurance entity to cover its risks.

This model provides direct access to insurance markets, enhanced control over insurance costs and a personalized risk management framework. It’s a proactive approach of managing your insurance program, allowing for a greater alignment with your business objectives.

A captive insurance program could include coverages ranging from property insurance to professional liability​ to commercial auto insurance. But, every captive is different, and not all coverages will work with all captive programs. With this in mind, we recommend discussing your needs with a seasoned captive insurance specialist.

Ready to put your safety and loss records to work for you?

Leverage your safety and loss performance to reduce premium costs, better manage your risk and take control of your insurance experience. Talk to our captive team to find out if a captive is the right fit for your business.

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The Higginbotham Difference: Custom Solutions Built Around Your Needs

At Higginbotham, we start with listening and end with custom insurance and risk management strategies tailored to your needs.

Employee owned and customer inspired, we put you at the center of everything we do. That’s why our approach to finding solutions comes with humanity—and without compromise.

By using our independence to commit to transparency and demonstrate authenticity, we’re a company that leads with values so value leads.

To learn more about how our values-based approach creates value for you and your business, click here.

Year-Round Support for Your Captive Program

At Higginbotham, we believe ongoing support is key to making your captive insurance program a success. That’s why our dedicated team offers year-round assistance in financial management, claims advocacy and loss control.

We assist in monitoring the details of your captive program, fine-tuning it to meet your business goals and comply with regulations. Here’s a closer look at some of the support services we offer:

Captive Financial Support

  • Study/analysis of member financial summary
  • Study/review of member assessments for accuracy
  • Education on captive equity and investment income
  • Additional support to captive management-related subjects
  • Collateral setup assistance with banking
  • Review of actuarial loss pick for member year-over-year
  • Underwriting and renewal support with captive manager/captive carrier

Captive Claims Advocacy

  • Front-end support for setup, education and understanding of claims in the captive model
  • Review of TPA claims and client advocacy on claims resolution
  • Analysis of TPA Lag Time
  • Additional quarterly reviews (outside of TPA standard reviews)
  • Hot claim/quick strike setup and support
  • Dedicated claims unit
  • Litigation management

Captive Loss Control Support

  • Help in loss control education
  • Assistance with captive loss control portal management
  • Accompany members to risk control workshops
  • Coordination of specialized training
  • Loss control allocation monitoring
  • DOT/OSHA assistance
  • On-site reviews and safety meetings
She Has Great Ideas
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Work with a captive insurance professional who specializes in creative solutions.

A great plan starts with a conversation. Let’s talk about what you need.

Talk to a Captive Insurance Specialist

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