If you’ve ever wondered how captive insurance works, the answer is simpler than it seems. Instead of buying traditional insurance from an outside carrier, businesses form or join a captive to create their own coverage plan. That means more control, custom coverage, and the ability to keep unused premium dollars. From setup to claims handling, the captive insurance structure puts the power back in the hands of business owners, offering both flexibility and long-term financial gain.
Let Forza Capital Advisors walk you through the process of switching to a captive model. We’ll guide you step-by-step, from feasibility to structure, so you can start building a better strategy today.
The journey to building a captive starts with evaluation and planning. Below are the first two key stages that set the foundation for success.
Before diving in, every business undergoes a detailed consultation and feasibility study. This helps determine if a captive is the right fit based on risk profile, premium volume, and long-term financial goals.
Once feasibility is confirmed, it’s time to design the captive. That includes choosing coverages, governance, risk tolerance, and financial framework. The result is a custom plan built around your actual needs.
Once the groundwork is laid, several critical steps will be taken to make sure your captive becomes a compliant, well-functioning part of your risk strategy.
What is a captive insurance structure?
A captive insurance structure is a plan designed and operated by the business itself rather than purchased from an external carrier. Forza Capital Advisors helps create tailored structures, like single-parents and group captives, based on your company’s size, goals, and risk exposure.
What is a captive domicile and why does it matter?
A captive domicile is the legal jurisdiction where your captive is formed and regulated. Forza Capital Advisors helps you select the best-fitting domicile based on cost, compliance, and operational needs.
Can any business start a captive?
Not all businesses qualify for the $750,000 mark in annual premiums, but many more do than you’d think. Forza Capital Advisors helps assess if a captive is a smart move for your size, structure, and premium volume.
