Alternative Markets
Gain more control over rising insurance costs and coverage limitations.
Alternative Markets
Gain more control over rising insurance costs and coverage limitations.
Alternative Markets
Gain more control over rising insurance costs and coverage limitations.
Some businesses need more than traditional insurance policies to manage their risks effectively. Alternative markets are designed for companies that want greater flexibility, more control over their insurance programs, or a way to formalize uninsured or underinsured risk management strategies. These solutions may be a fit for businesses with higher risk exposures, or unique coverage needs that standard insurance products don’t fully address.
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Captives
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Property, Casualty, and Medical
- Benefit Group Captive Programs
- Single Parent Captives
- Risk Enterprise Captives
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Deductible Plans
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Retrospectively Rated Policies
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Risk Retention Groups
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Group Self-Insurance Programs
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Self-Insurance
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Professional Employer Organizations (PEO)
FAQ
Alternative markets are designed to give businesses more control over how they manage and finance risk. This may include captives, self-insurance, group programs, or other structures outside traditional insurance.
These programs are often suited for businesses with current premiums, unique or complex risks, or companies that want to formalize uninsured exposures and reduce reliance on traditional carriers
A captive is designed to let a business or group of businesses create their own insurance company, funding and managing risks directly. This approach can provide more stability, tailored coverage, and potential long-term cost savings.
Self-insurance means a business sets aside funds to pay for losses directly, while a captive is a formal insurance entity that issues policies and manages claims, often with greater structure and regulatory oversight.
These programs are designed to offer flexibility, potential cost savings, broader control over claims management, and the ability to customize coverage to reflect your actual risks better.
Qualification depends on factors like your industry, claims history, premium size, and appetite for risk management. Our experts can evaluate your situation and recommend whether an alternative market is a good fit.