COMMERCIAL SOLUTIONS
Our insurance solutions are designed to meet the evolving needs of businesses by offering flexibility, control, and comprehensive protection. Whether you’re looking for traditional cost insurance, seeking the benefits of loss-sensitive programs, or exploring the advantages of captive insurance planning, we provide tailored options that align with your risk tolerance and financial goals.naging unique risks.
We provide insurance coverage for all lines needed by our clients inclusive of:
PROPERTY
AUTO
GENERAL LIABILITY
CYBER
DIRECTORS & OFFICERS
EMPLOYMENT PRACTICES
PROFESSIONAL LIABILITY
WORKERS COMPENSATION
UMBRELLA
MARINE
PRODUCT RECALL
Traditional Cost
Traditional cost insurance provides reliable, straightforward coverage designed for businesses seeking predictable premiums and consistent protection. This type of insurance offers piece of mind with clearly defined and contained pricing, terms, and coverage limits.
Ideal for companies that prioritize simplicity and stability, traditional cost insurance ensures your business is protected from common risks without the complexity of alternative structures.
Loss-Sensitive Programs
Loss-sensitive insurance programs offer a dynamic approach to risk management by aligning premiums with your business’s actual loss performance. These programs, which include high deductible and retrospective rating plans, allow businesses to take on a portion of their risk in exchange for a greatly reduced premium. These solutions not only promote operational efficiency but also provide the potential for significant cost savings over time.
By incentivizing safety and risk reduction, loss-sensitive programs are ideal for businesses with strong safety protocols and a commitment to proactive risk management.
Captive Insurance Planning
Captive insurance offers businesses the opportunity to create a tailored risk management strategy by forming their own insurance carrier, or by joining a group of other businesses who have formed their own insurance carrier. This innovative solution allows you to gain greater control over premiums & coverage terms while producing dividends and profits for yourself, normally only retained by the insurance carrier. Companies in captive insurance programs also benefit from tax advantages and interest returns.
Captive programs are especially beneficial for companies with predictable risks, strong financial stability, and a desire to reduce reliance on traditional insurance markets. By leveraging captive insurance, businesses can turn insurance expenses into strategic assets, fostering long-term savings and a customized approach to managing unique risks.