Marsh & McLennan provides the specialized expertise and strategic resources to help you create comprehensive, results-focused solutions for all your risk management needs. A captive solution could be the right tool to help your business face the world of risk on its own terms—and come out ahead. Marsh & McLennan professionals work with you to determine whether a captive is right for your organization through comprehensive feasibility studies and strategic reviews of your general liability, workers compensation, and auto liability insurance programs as well as safety and risk management. Top reasons for joining a group captive:
Reduce Total Cost of Risk – Membership in a captive requires a significant commitment to risk management. Rather than a conventional insurance company profiting from the member’s superior operations and risk management programs and using those profits to subsidize the premiums of other less attractive companies, members of the captive can reduce their cost of risk when losses come in below the forecast.
Immediate Reward for Reducing Losses – Captive members can see the impact that an improved risk management program can have through lower premiums and dividends.
Greater Control Over Claims – Captive members have significant control in how claims are adjudicated and work with the claims adjusters to disburse your money.
Optimize Safety & Loss Control – Loss prevention services are tailored to meet the member’s individual needs and the cost is included within the premiums.
Return of Underwriting Profits and Investment Income – As owners of the captive, members retain all of the underwriting profits and investment income ultimately lowering their cost of risk.
Cash Flow Management – In a Captive the member knows what their potential losses are and can manage the cash flow required to fund those losses in a more controlled manner.
Coverage Availability – Captives can tailor programs that might not otherwise be price competitive or available in the commercial markets.
For more information, contact:
Bart McGowan, CPA, Senior Vice President & Forensic Accountant
Rutherfoord | a Marsh and Mclennan Agency LLC company
704-367-3470 | 704-591-5317 mobile