Turning Premium Into Profit™
Specialty Captive Group is dedicated to providing innovative risk financing solutions that enable our clients to better control their insurance outcomes and reduce their total cost of risk.
As one of the largest expenses for any organization, insurance plays a critical role in your company’s success, and its bottom line. Insurance is one of the largest expenses for any organization. Our customized risk financing strategies help businesses reduce costs and gain more control over their coverage.
We bring
We serve
We manage over
Our Capabilities
Captives are not a one-size-fits-all solution. There are several different structures and types, each with its unique advantages. Deciding which one is right for your organization takes careful consideration. That’s where we come in. With a legacy spanning over 30 years, Specialty Captive Group specializes in crafting innovative risk financing strategies through captive insurance solutions.
Single Parent Captives
Tailored for individual companies, our Single Parent Captive solutions allow you to establish your own insurance company to underwrite your specific risks. This provides maximum control over your insurance program, enabling you to customize coverage, reduce costs, and retain underwriting profits.
Group Captive
Our Group Captive solutions bring together like-minded businesses to share risk and reward. This approach offers the benefits of a captive insurance company while sharing costs and risks among the group members—ideal for most companies seeking cost-effective alternatives.
Rent-a-Captive
Rent-a-Captive allows you to access the advantages of a captive insurance company without the need to establish your own. By "renting" a cell within an existing captive, you can enjoy customized coverage and cost savings with lower capital requirements.
Risk Retention Group
Our Risk Retention Group solutions enable businesses to retain and manage their own risks through specialized insurance programs. By taking on a portion of your risk, you can reduce reliance on traditional insurance markets and enhance your overall risk management strategy.
What Sets Us Apart
At Specialty Captive Group, we understand that your ultimate goal is to enhance profitability while effectively managing risks. Here’s why partnering with us makes a difference:
1. Reduce Costs
Innovative ways to lower expenses and boost your company's bottom line.
2. Direct ROI on Risk Management
Achieving a swift and direct financial return from proactive risk management strategies.
3. Control Over Claims Management
Gaining autonomy over the claims process instead of relying on insurance adjusters.
4. Transform Insurance Costs into Profits
Converting insurance premiums into profit opportunities.
5. Trustworthy Insurance Partner Needed
A partner who treats your claims as their own, with a proven track record of cost reduction.
Our Captive Programs
Specialty Captive Group offers a range of specialized captive programs designed to meet the diverse needs of our clients across various industries.
The RFCP allows restaurant owners and franchisees to control their insurance costs, recoup premiums based on loss experience, and reduce insurance market volatility.
Designed for agricultural businesses, this program helps growers manage their workers’ compensation risks while offering financial benefits through underwriting profits and investment income.
A diverse, heterogeneous captive insurance solution that brings together businesses from various industries, providing customized coverage and the ability to influence claims management, and the total cost of risk.
Frequently Asked Questions
A captive insurance is a specialized insurance entity created by its owners primarily to finance and manage their own risks. Unlike traditional insurance, captives provide more control over insurance strategies and offer tailor-made coverage for specific risks.
- 40 U.S. States have enacted captive insurance legislation.
- Nearly 90% of Fortune 500 companies have at least one captive insurance company.
- Captives have been used for property & casualty (P&C) risks for many years, representing about 30% of the total annual P&C commercial market premiums.
Captive insurance provides businesses with a strategic advantage in managing risk and improving financial performance. By forming their own insurance company, businesses can gain unprecedented control over their insurance programs, allowing them to customize coverage to address specific risks that are often excluded from standard policies. This level of control not only leads to significant reductions in insurance costs by eliminating the profit margins of traditional insurers but also enables companies to retain underwriting profits and investment income, thereby enhancing overall profitability.
- Stabilize and Reduce Insurance Costs Over Time
- Customize Coverage
- Retain Profits
- Potential Tax Benefits
- Implement a Stable, Long-Term Strategy
You can apply for a quote by contacting us through our contact form, or by using our intake form. You’ll be contacted by someone on the Specialty Captive Group team to walk through your business’ needs.
Get In Touch
When clicking on any of the Legal links, you’ll be redirected to Specialty Program Group, LLC’s website which is the holding company of Specialty Captive Group.