If you own or operate a transportation company, you may have heard of captive insurance as a way to reduce your risk and save money on premiums.
There are several ways to get started in captive insurance. From preparing your company for eligibility to application to ongoing management, Transportation Insurance Professionals can help you.
There are several potential benefits to having a captive insurance program, including:
Becoming part of a captive insurance program can free your business and help you really take it to the next level. There is some leg-work involved, though. Transportation Insurance Professionals can plan and manage the leg-work and serve as your broker point of contact.
We'll start with an initial conversation to determine your business' eligibility for captive insurance programs. If you're eligible, we'll move right on to the next phase of the process. If you're not, we can work with you to develop and manage a plan to become eligible for the appropriate program for you.
Once we know you're eligible we can begin the process of compiling all of the information needed to underwrite your business. We like to do a lot of digging, gather our data, and understand your operation well on the front end. When questions inevitably come up on the backend, we're armed with information and can accurately represent your business without needing to constantly bother you.
If the proposal is what you're looking for, we can help you with its ongoing management and some of the insurance agent needs that still exist. When you're in a captive insurance program we can offer certificates and ID cards online 24/7. Our staff will still be available as usual to assist you with more complex items that you may need. Additionally, we can help you with your safety programs, policy coordination, premium collection, assistance with claims processes, your renewals, and other coverages that may not be included in the captive program.
If you want to learn more about how captive insurance can benefit your transportation company, contact us today for a free consultation. We will assess your risk profile, review your current insurance program, and provide you with a customized proposal for your captive insurance solution. Don't miss this opportunity to take control of your insurance costs and improve your bottom line.
418 W 3rd Street
Red Wing, MN 55066
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We are licensed in Minnesota, Iowa, Michigan, North Dakota, and Wisconsin.
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