Alternative Risk
Tailored programs to meet your specific needs.
Self-Insurance
Self-insurance is best for businesses with reasonably predictable losses such as those with low severity and high frequency or those paid over time. Self-insurance doesn’t mean no insurance. Instead companies can retain predictable losses while insuring against catastrophic losses. The advantages of a self-insurance plan are:
Large Deductible Plans
Large deductible plans generally are used for policies with deductibles of $100,000 or more.
The advantages of large deductibles are:
Retro Plans
Retros were developed so businesses would share the risk and be more focused on risk control. Retros are generally used to finance low-to-medium severity losses that have a relatively high frequency, such as workers compensation, general liability and auto liability.
The advantages of using a retro plan include:
Captive Insurance
When businesses are willing to retain a significant portion of their losses to gain greater flexibility, they may decide to form a subsidiary to insure the loss exposure of the parent company. Some advantages of captive insurance are:
Find Out More About Our Services and Capabilities
We are here to answer any questions you may have and look forward to hearing from you.
Latest News
Today’s insurance programs must take into account the unique challenges faced by each client. In addition to a strong coverage program, some businesses may need advanced services. INSURICA has the additional Client Services required by complex business operations.
Alternate Funding: Captives
It has become increasingly important for employers to offer some form of an employee benefits package in order to attract and retain a strong workforce. Additionally, employers may want to protect their company from the risks associated with offering employee benefits. While employers have traditionally insured their employee benefits risks through an outside insurance carrier, the increased demand for employee benefits has resulted in an inflation of costs associated with insuring employee benefits risks. Because of this, many employers have opted to cut out insurance carriers altogether and instead fund their group employee benefits risks with captives.
Captive Insurance In The Construction World
Captives are becoming increasingly as insureds begin to assess the risk vs reward of the traditional insurance market. A captive insurer is an insurance company, wholly owned and controlled by its insureds, with the purpose of covering the insureds’ risks WHILE allowing the insureds to benefit from any underwriting profits.