Risk Management Advisors is a national firm specializing in the design, implementation and management of captive insurance companies and self insured plans.
Our partners collectively have over 50 years of experience and are backed by a national network of world class professionals.
Working with leading tax advisors and attorneys, Risk Management Advisors provides a comprehensive, integrated approach for our clients to manage their risk and protect the wealth they have created.
What is a Captive?
A captive is a closely held insurance company established to insure the risks of its parent company. You are the owner, you control it and you can profit from it.
Benefits of Owning a Captive Insurance Company
Captives are often formed by insured's that have grown tired of riding the roller coaster of the retail insurance market. Bypassing traditional insurance can often lead to a cost savings through the elimination or reduction of profit loads, broker commissions and administrative costs.
Underwriting profit and investment income
Premiums paid into the captive can be invested to grow the financial strength of the company and increase surplus. If the captive has good claims experience it stands to generate a tremendous amount of underwriting profit for the captive owners.
Provide coverage not otherwise available
Captives can often provide coverage for unique or specific risk that would not otherwise be transferable in the traditional market.
Today, there are over 6000 captives worldwide. Over 40% of major US corporations and some of your smartest competitors have one or more captives. Verizon, Centex Homes, UPS and many others utilize these unique companies.
Captives are the ultimate tool for superior risk management, asset protection and financial advantage.
For questions about how a captive could benefit your business, please call our office or email us at email@example.com