We are delighted a long-term Member, Bergey’s Electric, will be hosting us in their new showroom building! Be free to shop around!
Join us to learn from the experiences of:
Captives are an alternative way for well-run organizations to insure their Worker’s Compensation, General Liability, and Commercial Insurance coverages. In a Captive arrangement, members can retain underwriting profits based on favorable claims experience, as opposed to the traditional guaranteed-cost, “use it or lose it” model. These profits can be returned to the business, individuals, or an outside entity, making them appealing to family businesses with multiple shareholders.
In this session, participants will learn the basics of Captive insurance, including the qualification process and how profits are generated and returned to members. The financial & tax implications to consider when joining a Captive.
Ideal candidates for Captive Insurance: Must be paying more than $100,000 in combined premium for Workers Comp/General Liability Insurance/Commercial auto coverages, financially stable, committed to safety, and have a favorable 5-year loss history.