Investor Captives are designed for accounts desiring to assume premium and losses on a quota share basis. They are segregated portfolio companies or segregated cells established for individual accounts that want to participate in the underlying insurance transaction. Typically, Investor Captives are designed for accounts generating large annual premiums with an appetite to share in overall cost of workers' compensation insurance. These programs allow the individual account to participate, on a quota share basis, in the premiums and losses for policies issued to the account.
Captives can often provide higher levels of coverage for a lower premium cost. Premiums paid by the company to its captive may be tax deductible while the underwriting profit from a captive is a fresh source of corporate income. Captives are also an excellent option for companies finding it difficult or unduly expensive to buy workers’ compensation coverage from commercial carriers.
Patriot’s experts work with independent agents and their client companies to create Segregated Portfolio Captives that meet the unique needs of each business. We craft simple and sound solutions that provide companies substantially more value for their workers’ compensation premiums.