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Captive Programs

Once we have identified a captive program is the best route for your organization, our Risk Solutions team will provide recommendations on the venue to use, whether on-shore or off-shore.

Whether you are a private organization or an entity in a group of similar organizations, our experienced Risk Solutions team will help you determine if a captive program is the right solution for you. Depending on your volume of claims, premium, and revenue, a captive program may work better for you than the traditional insurance model. We will first determine if your losses combined with your administrative costs would be less than the annual premium you pay to an insurer. If so, we will then set-up and manage either a single owner captive or group captive for your needs.

If a captive program is the best route for your organization, our Risk Solutions team will provide recommendations whether you should use on-shore or off-shore solutions. We know the ins and outs of the cities, states and countries with captive program legislation and can compare all of your options to help identify the right one for you.

Once the right solution is selected, we will direct you to a group of experts including actuaries, banks and tax accounts who will help complete the captive program set-up process. We will also help you choose your captive program management team including legal advisors and accountants as well as ensure you fulfill all of the annual requirements. We will become your captive manager.

In addition, if you are interested in re-insurance for your captive company, we can find and recommend a re-insurance company.

Areas of Risk Management

Recent Blog Posts

Jun
16th
5 Ways Cyber Insurance Can Help Your Physician’s Practice Manage Cyber Risk

Did you know? To date, in 2017 there have been 133 reported data breaches in the healthcare industry – on average 17,849 records breached per incident. The Ponemon Institute estimates the cost per lost or stolen healthcare record to be about $400. This does not include fines and penalties, which can further increase the cost. […]

Jun
8th
Ever been asked to provide a Certificate of Insurance?

A question I hear from clients often is “How do I get a Certificate of Insurance?” A request for a Certificate of Insurance (COI) may be the most frequent interaction you have with your property and casualty broker or your insurance carrier. If you’ve never had to obtain a COI before, here’s an overview of […]

May
31st
What is a Controlled Group?

When several entities (whether incorporated or unincorporated) share common ownership, a controlled group or common control may exist.  For many IRS benefit plan purposes, a controlled group is treated as a single employer.  For example, the determination of an employer’s size for purposes of COBRA, Medicare Secondary Payer rules and the ACA’s Applicable Large Employer […]

May
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PSA’s Office Renovation Improves Employee Engagement, Performance and Client Experience

Research has shown that employees who are highly dissatisfied with their work environment are often the least engaged. And that lack of engagement can often translate to poor customer service and less satisfactory client outcomes. At PSA, we recognize the importance of a favorable work environment for our employees — so they’re equipped to better […]