Alternative Risk

 

Captives and Rent-A-Captives for a Single Business Entity or Groups

Tangram can assist you in the development and management of these alternative risk financing programs and products.

We work with brokers and clients to:

• Complete the feasibility analysis, domicile evaluation, business plan preparation and license application;

• Arrange necessary fronting and reinsurance placements;
• Expert guidance in all areas of regulatory and accounting issues;
• Structuring all components of the Program;
• Consultative review in respect to the risk financing objectives;
• Directing and assisting in the service provider selection process.

Being an owner or member of a captive provides several distinct advantages over a standard, guaranteed cost insurance program for many businesses but most notably through the increased control over the ultimate net cost of the insurance coverages.

Coverages typically provided by using a captive facility include worker's compensation, general liability, automobile liability (owned and non-owned) and automobile physical damages.

With the right structure, captives can:

• Improve the overall risk management program with comprehensive coverages and direct cost controls.
• The long term design of the captive program will ensure a simplified renewal process, with no surprises from year to year.
• Directly tie the insurance premium calculations to the company's individual expected losses
• Further reduce the ultimate net cost of insurance by the ability to retain investment earnings.
• Strengthen the company's bottom line by reducing fixed costs.
• Focused loss control efforts will minimize risks through custom designs in safety programs and emphasis.