Waching daily Sep 7 2017

What is a captive insurance program?

Simply put, a captive is your own insurance company.

If you are currently paying over One Hundred Thousand Dollars in premiums, instead of buying

insurance policies from a traditional insurance company, you buy your policies from your own

captive insurance program and receive many advantages:

First - Approximately 60% of your premiums are set aside in your loss fund to pay for

your claims.

Rather than insurance company shareholders making money off you, when your insurance

captive makes an underwriting profit, those profits are paid to you.

Second - Your captive insurance company retains only the smaller, more predictable claims,

and to help improve dependability and profitability, your captive buys reinsurance to pay for any

unpredictable, large or even catastrophic claims that occurs.

Third - You decide what coverages you want to include in your captive program, and those

that do not want to provide.

Fourth � Since a captive is your insurance company, you have more control in how claims

are managed and settled.

Fifth - To help return potentially more captive profits to you, your Duncan Financial Group

Risk Management Team will work with you to customize and implement risk management and

safety programs to help reduce your overall claims and insurance costs.

Finally - Traditional insurance premiums are based upon the overall, fluctuating, general

insurance industry experience.

This is not true with a captive!

Your captive premiums are based on your individual experience.

Your efforts and focus on safety, can actually help drive your premiums and insurance costs

down over time.

You can learn more about captives by visiting www.TurningPremiumsIntoProfits.com, by downloading

the Turning Premiums Into Profits book, or by simply reaching out to your Duncan Captive

Consultant today.