When businesses embrace the concept of a group captive, they must be fully committed to operating as safely as possible to reap the rewards of the program. Captive members see the benefits of good loss performance, but also feel the pain when it is not so good . . . (Credit: gualtiero boffi/Shutterstock.com) When businesses embrace the concept of a group captive, they must be fully committed to operating as safely as possible to reap the rewards of the program. Captive members see the benefits of good loss performance, but also feel the pain when it is not so good . . . (Credit: gualtiero boffi/Shutterstock.com)

For several years, we have been in the midst of a hard insurance market. As a result, insurance carriers continue to respond with steep price increases, dramatically larger deductibles and lower coverage limits. However, sophisticated insurance buyers are taking control of this situation by strategically utilizing group captive insurance companies.

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