Captive Insurance
Turning Insurance into a financial asset!
As insurance costs continue to rise and coverage becomes more restrictive, many businesses are exploring alternative ways to manage risk. Captive insurance can offer qualified organizations greater control, long-term cost stability and customized risk management strategies.
common questions
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Still have questions?
Why should a business consider captive insurance?
Greater Control
Potential Cost Stability
Improved Risk Awareness
Financial Advantages
Access to Special Coverage
How a captive is structured
Maximum reward, controlled risk
A well-designed captive doesn't ask members to swallow unlimited risk. The program is engineered in layers. Predictable losses are funded inside the captive, catastrophic losses transferred to reinsurance, and tower limits handled by traditional umbrella. Each layer is sized to the member's appetite and the family's balance sheet.
Umbrella
Purchased outside the captive for additional tower limits above the $1M attachment.
Specific Reinsurance
The captive buys reinsurance to protect against any single loss above the member retention.
captive layer
Each member funds and is responsible for claims inside this layer (e.g., $0 to $300K). Profitable years return to members.
Ford's Risk-Sharing Commitment
Captive ownership is a partnership, and a long one. Ford and our captive program partners stay aligned with our members on program performance. Through transparency, consistent engagement, and a Northern Michigan relationship that doesn't turn over every 18 months, we stay accountable for outcomes year after year, not just at inception.
What types of businesses are good candidates?
Most businesses with significant insurance premiums are possible candidates for using captive insurance. Companies with strong cultures centered around safety and predictable claims histories should also explore captive insurance strategies.
Multi location Businesses
Manufacturing
Construction
Healthcare
Municipalities
Hospitality
Agriculture
hotels & Motels
It’s time to meet josh!
Are you facing rising premiums? Sick of last-minute renewal proposals? Looking for an agent familiar with business insurance?
Josh Hart supports Michigan businesses of all sizes and specialties in our region. He’d be happy to help! You can call him directly at (231) 221-2707 or email him at jhart@fordinsurance.net.
CALL: (231) 221-2707
EMAIL: jhart@fordinsurance.net
Or if you’d prefer, click below to fill out a form and he will get back to you.