Joining a captive insurance group is an alternative way to manage risk—offering control, consistency, and a way to stabilize your cost of risk over time. A group captive is made up of various like-minded businesses that come together to form their own insurance company. It insures the risks of its members and offers them more oversight over all facets of their insurance program.
Woodruff Sawyer’s captive experts can guide you through an unbiased process to determine whether you’re a good candidate for a captive and will remain with you every step of the way.
Why Consider Captive Insurance
- Protection from hardening and fluctuations in the market
- Reduced costs
- Long-term stability
- Direct access to reinsurance markets
- More autonomy in claims management
- Collaboration with captive members, elevating many best practices internally
- Greater influence over financial outcomes of the captive
- Improved safety culture
At Woodruff Sawyer, our goal is to help you decide whether a captive makes sense for your business. We will perform a thorough financial review of your program and then present the different program options to you in an unbiased manner. We don’t have a stake in which product you choose, so our focus is on providing honest, expert counsel to you and your team.
To get started, reach out to us for an analysis:
Watch our recorded webinar, “Construction Group Captives: Are You a Candidate?”
The cost of D&O insurance continues to rise, causing public companies to look for cost-effective alternatives. A lot of board and management teams are asking: Should we form a captive for D&O insurance?
Captive insurance has many far-reaching benefits as a risk management tool and is a growing solution for many companies as part of their overall risk management strategy.