Captive Basics

Think of a captive as your own insurance company. It is a program specifically designed for you, and companies like you. You pay premium into your program, and should you have little or no losses, a portion of the premium may be returned to you along with investment income.

In the traditional insurance market you pay premium to an insurance company in return for insurance protection. If you are insured through a captive you share risk and reward with National Interstate and other members. Your risk and reward is commensurate with your group's ability to manage your losses. Therefore, captives work best with companies that typically perform better than their peers when it comes to preventing losses or managing claims.

Captive insurance companies and the alternative risk market have been around for many years and have become increasingly popular in the last few decades.  Find out if this innovative solution is right for your company.