Scott has industry-leading knowledge and experience with group captive insurance programs dating back to 2001 when we started a client-owned captive that has since returned more than $38.7 million to its members.

For companies that share our passion for seizing risk for reward, captives are an exciting opportunity. As a group captive owner, you essentially create your own insurance company. By joining a group of like-minded businesses, you gain ownership and control of all aspects and costs of your insurance programs.

Our captive insurance solutions range from single-parent to heterogeneous and homogeneous group captives to 831(b) captives. We have partnership affiliations with captives in Bermuda, Grand Cayman and Vermont.

How Do Group Captives Work?

Scott Insurance specializes in group captives, which are formed by multiple businesses joining together to form their own insurance company. These types of captive programs are highly collaborative, where business owners are able to learn from each other’s mistakes and can share best practices among the group. Members of the group captive contribute their own capital and investments are shared with its members.

Since members can own part of the insurance company and can gain back unused loss funds plus income from investments, members are highly incentivized to improve risk management and reduce costs. With this high level of accountability, companies that engage in group captives see risk and employee benefits as just as important as any other key element of their businesses.

Advantages of Group Captive Insurance:

  • Members benefit from the captive’s profitability and gain back unused loss funds plus income from investments
  • The direct return to the owners is a huge incentive to better employ risk management strategies within their organizations
  • A stronger, healthier company that controls its own destiny and views risk as a critical element of success

In the Words of a Client

“The captive idea was exactly what we were looking for since we value control and personal responsibility in everything we do. Being an owner of our own insurance company allows us to share our ideas and experiences while learning from the other companies we have partnered with. We’ve emerged as a better company and enjoy the financial benefits of this one-of-a-kind approach to risk management.”

– A large North Carolina corporation captive owner