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What is a Captive?
A captive is an insurance company owned and operated by its shareholders/insurers.
Captive coverage's include, but are not limited to:
• Worker Compensation
• General Liability
• Automobile Liability (Owned & Non-Owned)
• Property
G.N.P. Insurance Brokerage and The Captive Alternative:
G.N.P. Brokerage formed The Captive Alternative in the early 1990's to answer the need of individual insurers suffering increasing losses due to the growing instability of insurance firms
What Are the Benefits of Belonging to a Captive?
• Independent Management of Your Balance Sheet:
Control your own company costs by participating in:
1. A risk management program tailored to your particular needs
2. The selection of service providers
3. The claims management process
• Customized Loss Control Services:
Because one size doesn't fit all when it comes to claims scenarios
Reduced Costs:
Premiums which:
1. Are based on your company's projected losses, as well as fixed costs
2. Are likely to achieve greater stability over time by circumventing the pricing
fluctuations characteristic of the traditional insurance market
3. Enable you to preserve your investment earnings
• The Opportunity to Earn Back Anywhere form 25-40% of Your Own premium! Provided that you avoid unnecessary claims
• A More Effective Insurance Program:
Group purchasing allows the captive to enhance:
1. Coverage
2. Marketability
3. Cost Control
• Coverage Continuity:
An easy renewal process with no bidding surprises
• Competitive Advantages:
Maximize revenue by reducing your fixed costs
• Networking Opportunities:
Accrue the benefits of group membership:
1. Learn from each others' experiences
2. Create business contacts
3. Collaborate on projects
• Premium Deductibility:
Having satisfied applicable deductibility reviews to date, the captive structure enables
you to deduct premium exactly as you could under traditional insurance programs
• Taxation Advantage To be discussed in further detail whey you meet with a G.N.P. representative*
• Investment of Premiums You will be credited with earned income on invested premiums.
What Will Captive Participation Cost Me?
Your costs will be associated with:
• One share of restricted ownership stock** in the incorporated captive
• A one-time cover charge for incorporation expenses
• An annual contribution to cover your projected losses
• A pro-rata share of the captive's administrative expenses
* Please be advised that all taxation-related discussion must be approved
by your tax advisor
**Investment may vary according to terms of the captive's incorporation
agreement
Why G.N.P.?
Our partner in the Captive alternative venture, Black Davis, & Shue Agency, Inc., was established in 1949, and has worked solely into captive market since 1992; as a result, we, at G.N.P. draw upon solid foundations of captive experience in providing for our clients. In exploring various alternatives within the Captive market, any one or a combination of which can be tailored to the requirements of a given company, we have transcended the traditional objectives of our completion. G.N.P's within-Captive alternatives comprise the following:
• Sole-Owned-Captive
• Rent-A-Captive
• Rent-A-Cell
• Reinsurance Arrangements
G.N.P's Captive Alternative:
Combining the Innovative with the Traditional
Despite their diverse approaches, all of which place asset-control firmly in the hands of the insured, G.N.P's within-Captive alternatives incorporate the traditional coverage your company needs:
• Liability
• Workers' Compensation
• Auto
• Property
At G.N.P. Brokerage, You Do the Managing, We Provide the Tools!
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