Member-owned group captives lets your business insure itself.

Put your business in control with a member-owned group captives.

For many companies—especially mid-sized companies—commercial insurance can be a difficult and complex challenge. Conventional insurance brings with it a frustrating lack of transparency and control over premiums, claims processes, and overall costs. Our team at Hayward Brown-Flagler understands the impact that a lack of control can have on a company’s financial outlook and employee safety. Contact us to learn how member-owned group captives can help best-in-class companies looking to avoid the volatility of the traditional commercial insurance market.

Insurance that gives your business more control.

Member-owned group captive has nothing to do with kidnapping. Rather, it’s a completely different way for your business to insure against the unique risks you face. In effect, your business would set up a separate legal entity—a captive insurance company—that acts as the insurer itself rather than taking out a policy with a traditional insurance company. Common reasons for doing this include:

Benefits your business on multiple levels.

Legally, your business itself will own and control the captive insurance company. In practice, it often makes sense to get outside help to oversee day-to-day management. This is partly to reduce the administration and bureaucracy involved and partly because managers can lend their insight on ways to potentially help improve the tax position and avoid any legal pitfalls.

If you think captive insurance could work for your business or would like to learn more about it, contact us to discuss how we may be able to help.