Captives: the choice of the trucking elite
Group captives provide safety minded fleets the ability to gain complete control over their insurance program. Increased autonomy unlocks rapid growth, flexible hiring and higher profit margins.
Join your best-in-class peers and break free from the standard insurance marketplace
Group captives enable best-in-class businesses to come together and establish their own insurance entity. Unlike conventional insurance where you pay premiums without any potential financial return, a group captive allows you to take control of your workers’ compensation, general liability, and auto insurance and have underwriting profits returned to you. This approach lets business owners who implement effective risk management practices reap financial and operational benefits. It’s your chance to take charge, make decisions, and be rewarded for your commitment to safety.
Standard Market
Standard insurance is restrictive, costly and unpredictable from year to year. Your rates are at the mercy of the trucking industry as a whole and you are not singled out or rewarded for your stellar performance.
- Fluctuating premiums
- Insurer keeps underwriting profit
- No control over claims
- Very little loss control support
- Last minute renewals
Captive Program
Captives offer freedom, predictability and monumental cost savings for safety minded fleets. Your premium is developed based on your loss history and you are rewarded for your individual performance.
Is your fleet a good fit for a group captive?
Culture of Safety: Maintaining a safe work environment ensures that your employees feel engaged, valued, and secure, which can reduce the number of incidents and claims. If prioritizing safety is important to you, your business would be well-suited for a group captive.
Paying $275,000 or more in premium: Avoid fluctuating premiums and overpaying in the traditional insurance market. By switching to group captive, you can take control and potentially earn back your premiums.
Desire control: You’ve put in the effort to build your business and have every reason to be proud of your achievements. You understand the importance of managing the elements that influence your company’s future. By joining a property-casualty group captive, you collaborate with other business owners to enhance your current progress and improve your company, granting you greater control over your future success.
Risk for reward: Successful business owners recognize that every decision comes with its risks. If you had always shied away from risk, would you be where you are today? Traditional insurance offers a low-risk, low-reward solution for property and casualty coverage. By opting for a group captive, you take manageable risks into your own hands, leading to significantly greater rewards for your business.