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April 27, 2017

Expanding Scope of Captive Insurance Saves Engineering Firm $1 Million

Client Profile

Industry: Engineering
Entity Type: S Corporation
Geographic Footprint: International
Annual Revenue: $1 Billion
Number of Employees: 800

CBIZ assists with information technology audit outsourcing.Problem

A large engineering firm sought to evaluate its use of various captive structures to determine if it could make its risk financing more efficient. It also wanted to evaluate whether to expand the scope of its existing captive. 


Our team performed a review of current risk financing methods, including current insurance programs, loss information, risk exposures, operating structure and ownership structure. Based on our findings, we recommended a captive RFP process and implementation of 
a newly defined captive structure. To maximize the benefits of the captive structures, we also incorporated an evaluation of the engineering firm’s tax position and recommended changes to increase tax efficiencies.


The risk financing efficiencies allowed the engineering firm to retain more of its underwriting profits and reduce insurance premiums, saving $1 million. The tax strategies identified also significantly decreased the engineering firm’s federal tax burden.

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