Kraus-Anderson Alternative Risk: it really pays to be safe.
Since 1999, Kraus-Anderson Insurance has offered captive insurance programs to businesses in the Midwest region. We represent group captives for Workers Compensation, General Liability, Business Auto, and Property. We offer you the expertise to determine if a group captive is right for you.
Group captives are a risk management technique that is highly effective for the best-managed, safety conscious businesses, regardless of the traditional insurance market’s cycle. Once a business decides to join a group captive, it is extremely rare for them to go back to the traditional insurance marketplace.
Kraus-Anderson is one of few firms in the U.S. with experience specializing in this innovative industry. Our team includes skilled experts with advanced professional designations and solid relationships with the oldest and largest alternative risk captive consultants nationwide. Alternative risk plans are highly tailored to individual companies, making our highly personalized level of client service an additional benefit.
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Group captives are independently owned and operated insurance companies that provide insurance to, and are controlled by, their owners-members. A captive insurance company insures specific risks of its owners-members and returns underwriting profits and investment income in the form of dividends to the owners-members.
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As a member of a group captive, you gain control over your insurance destiny. Your business is shielded from insurance rate cycles, and your insurance costs become much more predictable. Other benefits enjoyed by members of group captives include:
• Reduced Costs – The operating costs for group captives are as much as 15% lower than those in the traditional marketplace. This money goes back in your pocket! Our goal is to minimize your costs and enhance your bottom line.
• Return of Underwriting Profits and Investment Income – Members are rewarded for controlling losses through dividends. Your loss experience is directly reflected in the dividends you receive. In addition, the investment income on your premiums goes back to you – not the insurance company.
• Improved Risk Management – Member companies select all service providers. Purchasing as a group results in increased competition for the captive’s business and results in high quality, custom-designed service programs.
• Multi-state Capabilities – Unlike group self-insured programs, group captives can provide coverage for exposures in any state in the U.S.
• Coverages to meet your business needs – Because this is your program, coverage can be included that may not be readily available in the traditional insurance market place.
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Successful businesses looking for ways to optimize their investment in risk management programs should consider captives. Ideal members share such qualities as:
• Long-term financial strength and stability;
• Closely-managed claims;
• Solid safety programs backed by top management;
• Better than average loss experience;
• Minimum casualty insurance premiums of $100,000.
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Kraus-Anderson Insurance is one of the few firms in the United States with experience specializing in the Captive industry. Our innovative team includes skilled experts with advanced professional designations and a solid relationship with the oldest and largest independent captive consultant in the nation. All of the group captives we work with are owned by our clients. We are not owners in captive programs, nor do we participate in any of the profits or dividends.
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Kraus-Anderson Insurance offers educational seminars on the basics of group captives. You can attend a seminar at our office, by webinar, or we can make a presentation to your management team. Every year, business owners and executives invest a substantial portion of their revenues in insuring the health and safety of their companies and employees. The best risks are leaving the traditional marketplace and are not returning. This exodus of premier businesses from the standard marketplace results in adverse selection as the overall quality of the remaining pool continues to decline. Don’t you, your employees, and your business deserve a better alternative?
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