This innovative approach provides significant advantages for companies aiming to enhance employee benefits while controlling costs. By pooling resources with other aligned companies, your business can reap the benefits of self-insurance without shouldering all the risk. This collaborative risk-sharing typically results in more predictable premiums and less volatility than traditional insurance models.
Additionally, this program allows businesses to tailor their health insurance plans to better suit the specific needs of their employees, boosting satisfaction and improving retention rates. With control over claims management and the ability to implement targeted wellness programs, a health insurance captive program gives businesses the tools to foster a healthier, more engaged workforce.
By bypassing the traditional insurance market, companies can avoid excessive premiums, fees, and administrative costs, leading to significant savings.
Captives can be tailored to cover specific risks unique to your industry, operations, and objectives, offering more flexibility than traditional policies.
Businesses gain greater visibility into their claims data and cost drivers resulting in better control over their provider network and Third-Party Administrator (TPA) relationships.
Businesses gain greater control over their risk management strategy, claims processing, and policy design, allowing for a more proactive approach.
Captives can help manage cash flow more effectively by minimizing premium volatility and offering stable, predictable costs.
Instead of paying premiums to a commercial insurer, captives allow businesses to retain underwriting profits and investment income, which can be reinvested into the business.
Whether new to captive insurance or looking to optimize an existing program, Tooher-Ferraris Insurance Group is here to help. Our team of experts will guide you through the entire process, from feasibility studies to ongoing management, ensuring that your captive program delivers maximum value.
Contact us today to learn more about how captive insurance can benefit your business and to discuss your specific needs. Let Tooher-Ferraris Insurance Group be your trusted partner in risk management and insurance innovation.
For many businesses, traditional general liability insurance and professional liability insurance offer essential protection—but they often come with limitations. Rising premiums, rigid policy terms, slow claims processes, and frustrating exclusions can leave companies feeling powerless. As organizations grow, so do their risks. Yet, conventional insurance often struggles to keep pace, offering little flexibility or control. […]
While employee benefits are always changing, one of the most significant challenges is the escalating cost of specialty drugs. These medications, designed to treat complex and chronic conditions like cancer, rheumatoid arthritis, and multiple sclerosis, are revolutionizing patient care. However, their high price tags are placing immense pressure on employer-sponsored health plans. Understanding the drivers […]
Attracting and retaining top talent has become one of the most pressing challenges for employers. Gone are the days when offering a competitive salary alone was enough to secure long-term employee loyalty. Today’s workforce—especially younger generations—places equal, if not greater, value on the quality and variety of the benefits an employer provides. From health coverage […]
In the current business climate, change is constant and often unpredictable. Shifting workforce expectations, evolving technologies, regulatory updates, and new competitive pressures reshape how organizations operate. Adaptability has become a non-negotiable skill for HR professionals responsible for supporting their workforce and driving organizational success. Traditional HR processes, often structured in rigid, step-by-step models, struggle to […]
Construction projects are large-scale, high-stakes undertakings that involve careful coordination of multiple moving parts—contractors, subcontractors, suppliers, project owners, lenders, and regulatory bodies, just to name a few. With so many players involved, and tight deadlines and budgets at play, there’s no shortage of risks that can threaten the project’s timeline, financial stability, or overall success. […]
Hosting an event—whether it’s a corporate conference, a community festival, or even a wedding—is an exciting yet expensive undertaking. While the focus is often on guest experience, logistics, and coordination, the reality is that behind every successful event lies a web of potential liabilities. These hidden risks can easily derail your plans, leaving you exposed […]