Dillingham Insurance

Captive Insurance

Why Captive Insurance

Companies both large and small are searching for alternative solutions to their insurance programs in order to gain control of their risk management strategies and best methods for funding that risk. One way to remove yourself from the frustrations of the cyclical nature of the insurance marketplace is to explore a Captive Insurance Program, which simply put, allows owners an effective manner in which to retain or partially retain and fund risk of their operations. This solution gives them control over their management of the risk of their operations and provides them an opportunity to internally fund that risk where the opportunity for profit is theirs if they perform well, versus that of a third party insurance company.

Captives can be an effective tool for clients to finance the retention of their risk of operations on exposures that have demonstrated a historical track record of profitability and predictability. Captives can be an effective way for clients to turn their risk into profit if managed properly.  

Dillingham Insurance employees in captive insurance meeting

Captive Insurance Offerings

Captives can be designed to cover various exposures within a business but are typically used in the following areas:

  • Workers Compensation
  • General Liability
  • Automobile
  • Property

831(b) captives, in addition to the above coverage items, can be used for funding many other types of risk of operations, such as Employment Practices Liability, Directors and Officers Liability, Key-Man Risk, Pollution, Automobile and Equipment Physical Damage, etc. 

At the end of the day businesses want to be in control and captives will put you in that position.

20+ Years Experience Providing Captive Insurance Options

At Dillingham Insurance we have been working with captive managers for over 20 years and continue to use our expertise to develop the best programs for our clients. We bring our experience and expertise to deliver the key benefits offered by captive insurance programs.

Our captive solutions range anywhere from single parent captives, group captives as well as micro (831b) captives. These solutions could be something you may want include in your risk management strategy.

Our captive team is ready to discuss your options. Please give us a call at (580) 233-2000.