Group Captives

A Smarter Way to Take Control of Your Insurance Costs-

For businesses that are ready to take a more strategic and long-term approach to risk management, group captives can offer a powerful alternative to traditional insurance. At Fee Insurance Group, we’ve helped clients across industries understand, evaluate, and successfully transition into captive programs that align with their goals.

 

> What is a Group Captive?

  • A group captive is an insurance company owned and controlled by its members—typically like-minded, safety-conscious businesses that want to better manage their insurance costs and risk over time. Members share in profits, benefit from more control, and gain access to industry benchmarking, safety resources, and underwriting transparency.

> Why Our Clients Choose Captives

  • More control over costs: Group captives reward proactive risk management and low loss histories.

  • Profit potential: Members may receive dividends and investment income when claims are lower than expected.

  • Customized risk management: Access to tools, loss control programs, and peer benchmarking not available in traditional programs.

  • Long-term stability: Captives offer protection from the swings of the commercial insurance market.

    >  How We Help

  • Navigating the captive world can be complex—but that’s where we come in. Our team at Fee Insurance Group helps clients determine if a captive is the right fit, and if so, we guide them through every step of the process.

    >Our approach includes:

    1. A thorough financial and risk analysis to determine fit and readiness

    2. Education and transparency on how group captives work

    3. Coordination with captive advisors, actuaries, and underwriters

    4. Onboarding support, including data collection and program structure

    5. Ongoing support with claims oversight, safety program improvement, and dividend tracking

      We’ve built strong relationships with trusted captive managers and have a track record of helping businesses make confident, informed decisions about joining a group captive.

 

> Is a Captive Right for You?

Group captives aren’t for everyone—but for the right business, they can be a game-changer. If your organization is financially stable, committed to safety, and ready to take a more active role in managing your insurance program, we’re ready to talk.

Frequently Asked Questions About Group Captives

What types of businesses are a good fit for a group captive?
Businesses that are financially stable, have strong safety practices, and are committed to long-term cost control are typically good candidates. Captives work best for companies that want more control over their insurance and are willing to take a more proactive approach to risk.

Will I still have insurance coverage like I do now?
Yes. A group captive still provides traditional coverage—such as workers’ comp, general liability, and auto—but it’s structured differently. You’re part of an insurance company that you partially own, rather than buying a policy from a standard carrier.

Is it more expensive to join a captive?
There may be some upfront capital requirements, but over time, captives often offer better cost control and the potential for profit returns. We help you weigh both the short-term and long-term financial picture.

How long does it take to join?
It depends on your renewal timeline, but we generally recommend starting the evaluation process 4–6 months ahead of your policy renewal to allow time for analysis, quoting, and onboarding.

What kind of data do I need to provide?
Typically, 5 years of loss history, payroll and revenue data, safety program info, and driver or vehicle lists if applicable. We’ll walk you through exactly what’s needed and help gather it efficiently.

Can I leave the captive if it’s not working out?
Yes, but there are terms around exiting that vary by program. We make sure clients understand the full picture before making any commitment.

How involved will I need to be?
We do the heavy lifting—working with you and the captive team to manage the process from evaluation through onboarding and beyond. You’ll stay in the loop but won’t have to figure it out alone.

>Health Insurance Captives

Health insurance captives are a smart option for employers who want more control over their healthcare spend without taking on unnecessary risk. They allow like minded companies to pool together, share risk in a controlled way, and keep the underwriting profits and savings that would normally go to the carrier.

A health captive gives you:
• More stability year to year instead of unpredictable renewal swings
• Access to better data so you actually understand what’s driving your costs
• The ability to design a plan that fits your people, not a one size program
• A long term strategy that rewards strong leadership, culture, and employee engagement

Let’s start the conversation.

If you’re curious about how a captive might benefit your business, reach out to our team. We’ll walk you through the process and help you see if it’s a good fit.