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SELF INSURANCE PROGRAMS

 

MOST BUSINESSES or BUSINESS ASSOCIATION GROUPS have four major reasons for Self-Insuring as a Captive.

 

1.       To maintain the integrity of their business;

2.       To facilitate local control;

3.       To provide better program management and services; and,

4.       To better manage taxation.

 

    However, these businesses quickly realize that the number one (1) benefit of taking control is CLAIMS MANAGEMENT and implementing industry standards for RISK MANAGEMENT.

 

One Captive formed three years ago was able to change from 70% of all claims-made closed with payment, and only 30% closed with no payment.  Today, 70% of all claims are closed with no payment and only 30% are closed with payment.

 

                                                                                     F. Darrell Lindsey

                                                                                     State Approved Captive/RRG Manager

                                                                                     U.S. State Licensed Agent/Broker

 

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