Many business leaders are now asking themselves if this is the right time to own a captive insurance company.  They have heard how successful captives have been in lowering premium costs, increasing coverage, accessing new insurers and controlling escalating health insurance costs.

Yet, owning and funding a captive still seems too costly for some businesses on an individual basis or they are part of an association that likes the captive approach…enter group captives.

See also our webinar on group captives

In a number of industries, employers have found that banding together to collectively fund selected risk in a group captive is an excellent way to control cost and increase plan control. Whether they exist to cover liability risks and/or benefit risks, group captives generally offer a number of advantages including:

  • Cost savings through pooled purchasing power on the risk and administration side
  • Reduction in need for captive to purchase reinsurance protection
  • Joint fixed cost savings
  • Joint management of first dollar claims

Additionally, group captive members can also enjoy the following benefits:

Group Captive Benefits

Spring has years of experience extending our industry-leading innovative captive solutions to groups seeking to finance their risk in captives. Please contact us to find out more about the services we offer to groups and to discuss a feasibility study to determine if a captive is right for you.