Captive Coverages
For businesses with a strong commitment to risk management and a desire for greater control over their insurance costs, a captive insurance program can be a powerful alternative to the traditional insurance market. A captive is a licensed insurance company that is owned and controlled by its insureds, providing a unique opportunity to customize coverage, reduce costs, and even generate underwriting profit.
At Horizon Insure Business Group, we have the expertise and experience to help you navigate the complexities of captive insurance and determine if this innovative solution is right for your business.
Benefits of Captive Insurance
✓ Cost Savings: Eliminate insurance company profit margins and retain underwriting gains
✓ Customized Coverage: Design policies that precisely match your risk profile and business needs
✓ Risk Management: Gain direct control over claims management and loss prevention strategies
✓ Cash Flow: Retain investment income on reserves rather than paying it to insurance carriers
✓ Tax Advantages: Potential tax benefits through deductible premium payments and tax-deferred investment income
✓ Stability: Protection from volatile insurance market cycles and unpredictable premium increases
Types of Captive Programs
✓ Single-Parent Captive: A captive owned by one company or group of related companies
✓ Group Captive: A captive owned by multiple unrelated companies in similar industries
✓ Cell Captive: A segregated cell structure that provides captive benefits with lower capital requirements
✓ Medical Stop-Loss Captive: Specialized captives designed for self-funded medical plans
Is a Captive Right for Your Business?
Captive insurance is typically most effective for businesses with annual insurance premiums of $500,000 or more, though group captives can work for smaller companies. The key factors are:
✓ Commitment to risk management
✓ Stable claims history
✓ Financial capacity to capitalize the captive
Our feasibility analysis will help you determine if a captive is the right choice and provide a clear roadmap for implementation.
Our Captive Insurance Services
At Horizon Insure Business Group, we provide comprehensive captive insurance services, including:
✓ Feasibility studies and cost-benefit analysis
✓ Captive formation and domicile selection
✓ Ongoing management and administration
✓ Regulatory compliance support
✓ Claims administration
✓ Reinsurance placement
We partner with leading captive managers and domiciles to ensure your captive operates efficiently and effectively.
Ready to Request a Plan Design Audit?
Contact HBG Insure today to learn how our Plan Design Audit can help you control costs and improve coverage.
These satisfied clients started with a simple,
no-obligation Plan Design Audit...
These satisfied clients started with a simple,
no-obligation Plan Design Audit...
What makes Horizon Insure Business Group different from other insurance brokers?
Most insurance brokers focus on shopping rates at renewal. Horizon Insure Business Group takes a plan design approach—reviewing how your current insurance and benefits are structured to identify smarter ways to control costs and improve coverage before renewal decisions are made.
Do you only work with businesses in Pennsylvania and New Jersey?
Our primary focus is serving employers in Pennsylvania and New Jersey. This local focus allows us to provide more tailored guidance and hands-on support for regional regulations, carriers, and employer needs.
What is a Plan Design Audit?
A Plan Design Audit is a structured review of your current insurance and employee benefits program. It identifies cost drivers, coverage gaps, and design opportunities so you can make informed decisions before renewal—without pressure to change brokers.
What size businesses do you typically work with?
No. The Plan Design Audit is informational and educational. Many employers use it to understand their options before deciding whether any changes are needed.
Do I have to switch brokers to get a Plan Design Audit?
We primarily work with small to mid-sized employers, typically ranging from 25 to 250 employees, who want more control over insurance costs and benefits strategy.