•  
April 27, 2018

Captive Insurance Saves Trucking Company More Than $1 Million

Client Profile

Industry: Distribution
Entity Type: C Corporation
Geographic Footprint: Multiple States
Annual Revenue: $300 Million
Number of Employees: 1,500+

truck imageProblem

 

A logistics and trucking company was introduced to several captive options by its insurance broker but had no frame of reference to determine how the captive insurance structures would benefit the company.

Solution

 

We analyzed the client’s current insurance programs, loss information, risk exposures, operating structure and ownership to determine whether the company’s risk profile would fit into a captive approach. We then identified what alternative risk financing structures would be advantageous from both a strategic and financial perspective. CBIZ identified several potential captive applications that would allow the company to assume and effectively manage additional risk. We engaged with multiple captive managers for formal presentations.

Outcome

The client validated its existing insurance structure and identified where it could assume and effectively manage additional risk.

Upgrade Your Risk Management Approach

Learn how our expertise helps prioritize the key risks facing your organization.

Download our case study


Copyright © 2017, CBIZ, Inc. All rights reserved. 

Accelerated Recovery Resources

Access articles and tools to help your business generate cash, improve leverage, and align & transform as you recover from the pandemic.

COVID-19 Resources

Access all COVID-19 related articles to help your business respond to the pandemic.

Insights in Your Inbox