Captives

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A captive is a legal entity, licensed as an insurance company, to insure a proportion of its shareholders’ risks. To put it simply, it is an insurance company owned by the captive members (shareholders).

The captive members will accept a predetermined level of risk. They will pay the associated premiums for the administration of the captive (fixed costs) to the captive insurer.

The most common lines of business underwritten in a captive include:

  • Property & Business Interruption
  • Workers’ Compensation & Employers Liability
  • Commercial General Liability
  • Auto Liability
  • Professional Liability

There are many ways a captive can benefit your construction company:

  • Your performance determines your cost – a true performance-based product.

  • Improved cash flow

  • Improved risk coverage

  • Reduce insurance costs – lower fixed costs

  • Access to reinsurance markets

  • Lowers your total cost of risk

  • Greater flexibility in coverage terms, conditions and exclusions.

There are many types of Captive Structures. Three of the most common are Single Parent / Pure Captives, Group Captives, and Rent-a-Captives.

Captives can offer a variety of benefits when it comes to your insurance costs. Contact one of our TSIB Insurance Professionals if you would like to learn more about captives.

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TSIB - Captive Benefits Sell Sheet

Learn how your construction company can benefit from a captive.

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