Why should insurance be such a guessing game?
You’ve seen it play out a dozen times.
Your premiums go up, even when you’ve done nothing wrong.
A claim comes in that takes you by surprise.
You give your business’ hard-earned dollars to an insurance company who doesn’t get what you do.
Now’s your chance to take control with captive insurance.
A captive insurance company is a form of commercial insurance that’s established by members for the benefit of members.
In other words, it’s insurance that’s owned by you, for the benefit of you.
Premium predictability and stability, based on your results
With captive insurance, you get:
Transparency in the claims process, and a voice in the claims outcome
Leftover profits and underwriting costs returned to you, plus investment income
Single-Parent Captive
A single-parent captive is owned and controlled by a single company who can benefit from taking on their risk on their own. This approach works well for companies with higher premiums and larger exposures.
Group Captive
A group captive is an opportunity for different companies (not necessarily from the same industry) to pool resources and risk to keep costs down without affecting other premiums.
Our team will help you figure out which form of captive is right for your business.
Lead with Values and Value Leads.
You train your employees, prioritize safety, and promote best practices.
You know your own costs, and your own limits.
You want control of your own insurance costs.
A Captive is for you if...
You want transparency in claims.
You don’t like surprises when it comes to premiums.
You are open to limited risk to earn the reward.
The Benefits of Captive Insurance
Short-Term:
Proactive risk management
Good behavior rewards
Stable, predictable premiums
Money kept in-house
Immediate claims transparency
Long-Term:
Underwriting costs and investment
income returned after three years
Relationship-building and networking
opportunities with businesses outside your area of expertise
You have a lot more control in the captive market, which is what I would think any business owner would want.”
David Newman, business owner, Newman Transport LLC
Lead with Values and Value Leads.
Reclaim your unspent insurance dollars.
Take control of your losses.
Get transparency around insurance costs.
Direct your claims from the get-go.
You know your business best. That’s why you should be in charge of insuring it. Using Higginbotham captive services lets you:
And in short: Get on the right insurance team. Your own.
Higginbotham is no ordinary captive insurance broker.
We understand how important it is to get insurance that meets your needs.
That’s why more than 200 clients manage their risks effectively with Higginbotham Captive Services.
We work side-by-side with every business to assess risks and develop a customized insurance program that addresses their specific needs. This tailored approach means we’re often able to lower insurance costs compared to traditional insurance options.
Finally, the experience of our risk management team translates to more control in handling and resolving claims for you, meaning faster and more efficient claims settlement to reduce the impact of potential disruptions on your business.
Prepare for the unforeseeable with a policy that sees you.
We’re also proud to provide the best captive insurance benefits in the industry, including:
A financial study and analysis of your business
Front-end support, including setup, education, and understanding of claims in the captive model
Assistance setting up collateral
Help understanding captive equity and investment income
Underwriting and renewal support with program manager/captive consultant
Hot claim/quick strike setup and support
Management of litigation and claims oversight
A dedicated, specialized Day Two Services® claims unit to support you year-round
DOT/OSHA assistance
Coordination of any specialized training
And more!
Reach out today for a free evaluation to determine whether a captive program could be a good solution for your company.
We’ll also schedule a “Captive 101” session to provide an overview on the concept, premium development, loss examples, collateral, and other considerations so you get the full picture.
We’re excited that you’re considering captive and hope you are, too!
