Advanced Risk Management from Your Trusted Commercial Insurance Broker
At Aebly and Associates insurance, we understand that traditional insurance solutions may not always provide the most cost-effective coverage for your business. As your experienced commercial insurance broker and insurance agency, we offer comprehensive captive insurance solutions that help businesses take control of their risk management while reducing long-term insurance costs.
Complete Turnkey Captive Services
We offer complete turnkey services from reviewing your current program, analyzing claims and risk drivers, recommending alternative solutions, placing services out to bid such as loss control, captive management, actuarial and other services, and managing the initial setup and ongoing operation of your program. We make the process simple so you can concentrate on your business and leave the heavy lifting to us.
With our experience in both the fully insured and alternative market, you'll have one set of trained eyes looking at all options and providing solutions that have your best interest in mind, not the interest of the carrier or other parties who may not be aligned with your goals and objectives.
Types of Captive Insurance Solutions
As your independent insurance agent, we provide access to various captive structures designed to meet different business objectives:
Single Parent Captives - Wholly-owned insurance companies that provide coverage exclusively for the parent company and its subsidiaries.
Group Captives - Collaborative structures where multiple businesses share ownership and risk, ideal for small business insurance participants seeking captive benefits.
Employee Benefit Captives - Specialized structures designed to manage group health insurance costs and other employee benefits expenses.
Rent-a-Captives - Cost-effective entry point into captive insurance without the full commitment of establishing your own captive.
Risk Retention Groups - Member-owned liability insurance companies that provide coverage for similar businesses in the same industry.
Self-Funded Arrangements - Direct risk assumption strategies that eliminate traditional insurance carrier involvement.
All of these have a place in the market and can help clients meet different objectives. Our job is to sort through the options and advise you on a course of action that helps you control risk and ultimately provide the lowest cost for your risk transfer program.
Why Consider Captive Insurance?
Approximately 50% of the total in-force insurance marketplace is considered to be written in the alternative market. For the right client, it could be the best long-term risk management program you have ever participated in.
Captive insurance solutions work seamlessly with your existing business insurance portfolio, including workers' compensation insurance, professional liability insurance, and other commercial coverage needs. This integration provides comprehensive risk management while maintaining cost control.
Is Captive Insurance Right for Your Business?
When evaluating whether captive insurance is right for you, consider these key questions:
Financial Stability Assessment
- Is my company financially stable?
- Can my company fund the initial investment and ongoing operation costs?
Risk Profile Evaluation
- Does my company have a good loss history?
- Does my company have uninsured or underinsured risks?
Premium Volume Analysis
- Does my company spend in excess of $1 million in workers' compensation, auto and general liability insurance?
- Does my company have 100 or more employees on its group health insurance plan?
Product Liability Considerations
- Does my company sell a product that has a warranty, or sell someone else's warranty that could benefit from reinsurance?
Benefits of Working with Aebly and Associates
As your insurance broker, we bring extensive experience in both traditional and alternative risk management solutions. Our expertise spans business insurance, group health insurance, workers' compensation insurance, and professional liability insurance, providing a complete perspective on your risk management needs.
Whether you're a small business insurance client exploring group captive opportunities or a large corporation considering single-parent captive structures, our team has the expertise to guide you through the evaluation and implementation process.
Our relationship doesn't end with captive implementation. We provide ongoing support, performance monitoring, and strategic guidance to ensure your captive insurance program continues to meet your evolving business needs.
Ready to explore how captive insurance can benefit your business? Contact our expert team at Aebly and Associates insurance to assess your options and determine if captive insurance is the right solution for your risk management strategy.
Call us at (716) 675-2100 to schedule a comprehensive evaluation of your captive insurance opportunities.