Captive insurance management lets your business insure itself.

Put your business in control with captive insurance management.

Insurance that gives your business more control.

Captive is a completely different way for your business to insure against the unique risks you face. In effect, your business would set up a separate legal entity—a captive insurance company—that acts as the insurer itself rather than taking out a policy with a traditional insurance company. Common reasons for doing this include:

Benefits your business on multiple levels.

Legally, your business itself will own and control the captive insurance company. In practice, it often makes sense to get outside help to oversee day-to-day management. This is partly to reduce the administration and bureaucracy involved and partly because managers can lend their insight on ways to potentially help improve the tax position and avoid any legal pitfalls.If you think captive insurance could work for your business or would like to learn more about it, contact us to discuss how we may be able to help.

Who may benefit from captive insurance?

Captive insurance programs are often considered by businesses with specialized risks, complex operations, or higher insurance costs. Companies that may benefit from captive insurance can include manufacturers, transportation companies, construction businesses, agricultural operations, healthcare organizations, and other businesses with unique coverage needs. Because every business operates differently, captive insurance solutions may vary depending on industry, claims history, risk tolerance, and long-term financial goals.

What factors should a business consider before establishing a captive?

Before establishing a captive insurance company, businesses may need to evaluate factors such as company size, financial resources, claims history, regulatory requirements, and long-term risk management goals. Captive insurance structures can vary significantly depending on the organization and the types of risks being insured.

Tomlinson Insurance helps businesses explore coverage and risk management strategies that align with their operational needs and long-term objectives.