Find out How Ready your Company is for a Captive Insurance Plan.
SAVED CLIENTS OVER
IN PREMIUM SINCE 2004
GROUP MEDICAL INSURANCE
FOR CALIFORNIA EMPLOYERS
PARTNERS COLLECTIVELY HAVE OVER
IN THE INSURANCE INDUSTRY
A captive is a closely held insurance company
established to insure the risks of its parent company
and affiliated groups. You are the owner, you control it and you can profit from it.
Over 80% of FORTUNE 500 Corporations and MANY of your smartest competitors have one or more captives.CAPTIVE 101
We rely on our process to create compliant structures for our clients.
This process involves:
Meeting the client and gathering the information necessary to evaluate their unique situation. This allows us to look at a wide variety of
potential solutions for every client.
A two-hour meeting is held to discuss the details and facts of the client’s situation. We dig deep to get an understanding of how the business is structured, what insurance they purchase, how their product is manufactured, how they ship it, what is the financial outlook for the company and their industry. We finally deal with the reality of what keeps them up at night.
Our designers take the information gathered
in the consultation phase and put together a plan to help the client meet their individual goal. This involves a semi-feasibility plan, sample documents, pro-formas, and illustrations of how their plan will work for their individual
After the client takes time to digest the plan, we gather together again to discuss the plans in detail, all of the trusts to be drafted, business structures, the policies (if any) to be designed, and the level of financial commitments to
complete the planning process.
This meeting finalizes the plan. This involves
the client’s tax advisors and attorneys. The
Blueprint Action Timeline graphically illustrates the amount of time to complete the transaction.
The timeline includes such things as: completing the business plan, creating the pro-forma,
placing any insurance, drafting any policies,
submitting and gaining approval for any
business entity, setting up the books, and
obtaining the certificate of authority to
transact business as outlined in the plan.
This is an ongoing phase in our process. This has involved overseeing the managers, initiating board meetings, claims management and
payment, redrafting policies, issuing certificates of insurance for projects, negotiating with
lenders. We run the plans so a client can keep doing what they do best, running their business. Our attorneys continually monitor the operation to guarantee compliance.
This is what makes Risk Management Advisors different. At each anniversary, we give a
complete review of the program. This is done deposit by deposit, payment by payment, and policy by policy. This ensures the clients have a firm understanding of exactly what they are
operating and how it functions for them.
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Risk Management Advisors is a national firm specializing in the design, implementation
and management of captive insurance companies and self insured plans. Our partners
collectively have over 75 years of experience and are backed by a national network
of world class professionals. Risk Management Advisors provides a comprehensive,
integrated approach for our clients to manage their risk and protect the business they
have worked so hard to build.
MORE ABOUT RMA
Find out How Ready your Company is
for a Captive Insurance Plan.