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What is a Group Captive?

Group captives offer a unique and innovative approach to risk management, providing companies with a powerful tool to take control of their insurance needs. By joining forces with like-minded businesses, organizations can form a collective entity to share risks, enhance coverage, and gain greater control over insurance costs.

Why Choose Group Captives?

1)     Enhanced Risk Management: Group captives empower businesses to tailor insurance programs to their specific needs. By pooling resources, participants can access broader coverage, higher limits, and more favorable terms than traditional insurance arrangements.

2)     Lower Costs: By eliminating excessive insurer profit margins and reducing administrative overhead, group captives can deliver significant cost savings. Participants can achieve greater predictability in premium pricing and share in the financial rewards of favorable claims experience.

3)     Control and Influence: As a member of a group captive, you have a say in how the captive is managed and operated. This level of control allows participants to align risk management strategies with their business objectives and foster a culture of safety and loss prevention.

4)     Risk Sharing: Sharing risks with other members of the group captive enables participants to spread the financial burden of insurance claims. By collectively assuming risk, businesses can better withstand unforeseen events and protect their bottom line.

5)     Networking and Collaboration: Group captives provide a platform for networking and collaboration among like-minded businesses. Participants can engage in knowledge sharing, best practice discussions, and industry-specific initiatives, fostering growth and innovation within the group.

Our Expertise in Group Captives

We specialize in helping businesses unlock the benefits of group captives. With nearly 30 years of experience in the industry, our team of risk management professionals understands the intricacies of captive insurance arrangements. We offer comprehensive services tailored to your unique needs, including:

·       Captive Formation and Management: We guide you through the entire process of setting up a group captive, from feasibility analysis and structuring to ongoing management and compliance.

·       Risk Assessment and Program Design: Our experts conduct thorough risk assessments to identify potential exposures and design customized insurance programs that align with your risk appetite.

·       Claims Administration: We provide efficient claims handling and advocate on behalf of the group captive members to ensure fair and prompt resolution of claims.

·       Loss Control and Safety Services: Our dedicated team offers proactive loss control services, including safety training, risk mitigation strategies, and loss prevention initiatives, to help reduce incidents and minimize losses.

·       Member Support and Education: We are committed to fostering a collaborative environment within the group captive. Through educational resources, seminars, and networking events, we empower members with the knowledge and tools to make informed risk management decisions.

These are just some of the Group Captive benefits we will share with you:

·       Improved Risk Management

·       Reduced Insurance Costs

·       Improved Cash Flow

·       Increased Claims Controls

·       Reduced Income Taxes

·       Improved Estate Planning

·       Enhanced Asset Protection

Ready to Unlock the Power of Group Captives?

Discover how group captives can revolutionize your risk management approach and transform your insurance experience. Contact Lexmos Insurance today to schedule a consultation with our group captive experts. Together, we’ll embark on a journey of collective risk management, unlocking new possibilities for your business.

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The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.