At Pillar Insurance, we believe businesses should have options when it comes to managing their risks. Captive insurance is an innovative solution for companies seeking greater control, cost efficiency, and flexibility in their insurance coverage. By establishing your own insurance company—known as a captive—to cover your specific risks, you can customize policies to fit your business's unique needs while retaining valuable financial benefits. Captives also provides stability over the long run & opportunities for return of underwriting profits & investment income.
Unlike traditional insurance, where you purchase coverage from a third-party provider, captive insurance involves creating your own insurance company dedicated to covering the risks of your business or group. This approach gives you ownership and greater control over your coverage decisions. Benefits of captive insurance include:
For businesses looking to gain more control over their insurance future, captives offers an ideal solution.
Captive insurance works best for businesses with unique or specialized risks, typically paying high insurance costs but with relatively low claims history. They're companies that are focused on risk management & keeping claims cost down. It's often utilized by industries such as manufacturing, construction, healthcare, and professional services. Whether you're seeking coverage for general liability, auto, workers compensation, cyber risks, or employee benefits, a captive can provide targeted solutions. If you're unsure whether a captive insurance structure aligns with your goals, our experienced team at Pillar Insurance are here to guide you through the decision-making process, by completing a viability study to help you determine if a captive is right for your company.
At Pillar Insurance, we empower businesses to take control of their risk management through innovative captive insurance solutions. Our team combines deep industry expertise with a hands-on approach to help you explore, design, and implement the right captive structure for your organization. We focus on transparency, strategic insight, and long-term value-so you can turn insurance from a cost center into a competitive advantage. Whether you're new to captives or refining an existing program, Pillar Insurance is your trusted partner in building financial strength and stability.
Considering captives for your business? Contact Pillar Insurance to discover how this strategy can help you manage risks, reduce costs, and gain unparalleled control over your policies. Visit our Contact Us page to speak with one of our agents today. Together, we'll explore how captive insurance can protect your business and set the foundation for long-term success.