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.

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Captive Insurance Saves Trucking Company More Than $1 MillionAfter an insurance program analysis, CBIZ identified several captive applications that would allow a trucking company to assume and effectively manage additional risk, saving more than $1 Million....2018-04-27T18:19:00-05:00

After an insurance program analysis, CBIZ identified several captive applications that would allow a trucking company to assume and effectively manage additional risk, saving more than $1 Million.

Risk MitigationProperty & Casualty Insurance