Captive Insurance Policies
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To Control The Cost of Insurance
Alternative risk funding strategies like captives are the ultimate tool in taking control of insurance costs. Organizations committed to continuously improving risk management programs and safety culture can outperform the standard insurance marketplace through captives. These structures enable strong companies to leverage their loss history and balance sheet to reduce their total cost of risk. Insurance can evolve from a pure expense into a profit center.
Why Group Captives?
Strategy
- Retain small, predictable claims
- Transfer catastrophic claims
Process
- Pricing based on loss experience
- Share risks with like-minded partners
Upside
- Lower the total cost of risk
- Retain investment income
Process
Feasibility
Our team performs due diligence on your current insurance program and previous claims activity to determine the viability of retaining certain risks
Assessment
Explore different types of alternative risk pools including cases where upfront costs may be higher, but could lead to long term savings
Manager Selection
Our relationships with industry leading single member and multi-member captive managers ensures we find the best long term fit for your risks
Program Design
We help clients determine the best risk structure whether that’s a standalone program, existing member-owned group, or forming a new group
Implementation
Wellhouse ensures captive performance by monitoring claims, implementing risk management techniques, and holding partners accountable
Monitor
Our team consistently reviews your program’s performance, risk management partner’s proficiency, and the state of the standard marketplace
Client Testimonials
What struck me is your interest in service beyond the transaction. That has staying power.
The team is knowledgable, responsive and innovative. As our companies grow and we start up new ones, the insurance issues that arise can be new, complex and require fast resolution - the Wellhouse team has handled every one successfully for us.
I’d be lost without you guys, you keep on top of everything I have to knock out to make sure the insurance process isn’t too painful.
We have been highly impressed with Wellhouse and they are putting together a dream team that is truly focused on the highest level of client service which is why we have become kindred spirits.
Since joining Wellhouse, I have had this peace that we are well protected and in very good hands. The team is incredibly responsive to our every need and has always worked proactively and has given us the sense that we are their only account. The Wellhouse team has also fought hard for us in times of need. Thank you for truly partnering with us.
It has been a great partnership with Wellhouse and we enjoy working with people who share our core values and understand the keys to a successful business relationship. We definitely appreciate the personal, prompt attention Wellhouse has always provided and look forward to a longstanding future.