Association & Group Captive
Helping you through the process of establishing your group captive is where we excel. Green Mountain is the ideal captive solution for carriers, groups, associations, and brokers like you looking to better manage their insurance program. Association captives can even be organized to allow the association to become a captive owner alongside the members of a common industry or trade association. Clearly, offering insurance solutions under a captive can attract new members to your group as well as increase the retention of existing members, since they are often seeking the very insurance pricing stability and coverage availability that a captive can provide to help insulate them from changes in the “traditional” insurance market.
Risk Retention Group
For third party liability lines, we can setup your cell as a Risk Retention Group for you under the Federal Liability Risk Retention Act, so you can directly write insurance for your group on a nationwide basis without the need for a policy issuing or “fronting” company, thereby saving you money.
From Start to Finish
Our turnkey captive resources, including a team of experienced and insurance industry leading experts, are dedicated to helping you from feasibility study to implementation.
Is a Group or Association Captive right for you?
This option could be right for you, if:
- Your members understand the leverage in negotiating premiums and services as a group in producing better outcome than going it alone;
- You want to access risk management strategies that will reduce your group’s Total Cost of Risk for everything from monoline to multi-line Property and/or Casualty commercial coverages, Workers’ Compensation coverage, or even a packaged policy, i.e., BOP (Business Owners Policy); and
- You have a desire to work with similar members who qualify to join a captive to improve the risk pool, thereby helping to increase underwriting profits and dividends to all your group’s members.