A new captive program available through Meta Risk Managers significantly lowers the barrier of entry. If you are spending $250,000 a year or more in premium and have a loss ratio below 40% you can start your own captive for the same cost as your current premium.
And while you’d be putting up the same amount you would normally pay in premiums for your coverage, if you are able to keep your losses low, you can receive up to 50% of that $250,000 back as a tax-free dividend.
That’s because captive is basically your insurance, so it does not have the same overhead and profit considerations as an insurance company. The captive’s chief operations, paying claims will be handled by a professional third-party administrator that you assign.
With the potential for reimbursement of premiums, you’ll be extra motivated to continue with the practices that have helped you keep your loss ratio low all these years. And that money that you receive is money a typical insurance company would have pocketed, all thanks to you.
Reward your hard work by calling Meta Risk Managers today.