Breckpoint® Captive Solutions
Breckpoint® offers bespoke, captive solutions for employers that are looking for stand-alone, group, or agency-type captive solutions. The Breckpoint® captive team has decades of experience and provides an initial complimentary consultation to see if an idea can develop into reality. As a full-service captive development and captive management company, we guide our clients through starting the process to active operations.
Breckpoint's existing captive facility and structure allows significant flexibility and speed of execution. New captive programs for a single company, group programs, agency programs or similar are available in a turn key formula. Breckpoint® has expertise across a variety of self-funded P&C and EB products and services
Group captives are an excellent alternative to traditional insurance programs. Members have greater transparency, control and ultimately more flexibility in risk financing with a group captive than they would with a fully insured product. Companies that have $250k in insurance premiums or more are usually eligible to apply for membership.
Businesses that have insurance premiums of $1MM or more can benefit from developing a captive of their own. This is a great solution for businesses that would prefer to not share risk in a group program.
Agencies that would like to participate in a quota share of risk/reward should explore an Agency Captive. Additionally, agencies with an industry specific block of business or clients that would appreciate an innovative program can create an exclusive product or program.
Most large companies self-insure with other EB and P&C lines or both. The advantages a captive brings to larger clients are significant including; complete transparency of how premium dollars are spent and invested, choice on coverages and risk/reward, and additional opportunities to increase employee retention as well as build tax advantaged assets through underwriting income.
Single industry or homogeneous group captive programs are designed to provide captive membership to a business in the same or very similar industries.
Multi Industry or heterogeneous group captive programs are designed to provide captive membership to like-minded and cost containment oriented clients across a broad spectrum of industries.
Commonly known as P&C insurance lines, workers' compensation, general liability, commercial auto, property and other lines of coverage can be offered in single parent or group programs. Breckpoint® can offer Employee Benefits programs like medical stop loss alongside Property and Causality lines of coverage.
Employee Benefit specific captives focus on offering the employer significantly more control over health insurance spend. Effective cost containment solutions for RX and Medical claims help to drive costs downward while providing employees superior customer service and in many cases lower costs as well.
Group Captives
Single Parent
Large Client
Captive
Solutions
Agency Captive
P&C
Industry Specific
Heterogenous Programs
Employee Benefits