Captive Insurance

Captive insurance is an alternative risk management strategy that allows businesses to take more control of their insurance needs. A business can either establish its own insurance company, known as a pure or single cell captive, to cover its specific risks, or it may decide to join with other businesses in a group captive arrangement. These group captives share risks amongst members, offering the advantages of risk diversification and shared costs.

Both models provide greater control over insurance policies, potential cash flow improvements, and the possibility of lowering costs compared with traditional insurance.

The Advantages of
Captive Insurance

Shared Risk
By pooling risks with other businesses, each member enjoys reduced individual burden and increased stability.
Cost Savings
Economies of scale lead to lower administrative costs and premiums, with profits returned to members, providing overall financial advantages.
Enhanced Control
Members gain greater influence over their insurance policies, ensuring coverage is closely aligned with their needs.
Improved Risk Management
The collective focus on best practices in risk management not only lowers costs but also fosters safer business operations.
Stability in Coverage
Captives can offer more consistent pricing and coverage compared to the sometimes volatile commercial insurance market.
Access to Unavailable Coverage
Unique or industry-specific risks that are hard to insure through traditional markets can be covered within a captive.

Get Peace of Mind, Work with One Agency

Having one agency handling all of your insurance needs allows you to gain both convenience and peace of mind in knowing your insurance is being managed effectively.

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Winona Office

174 Center St.
Winona, MN 55987
(800) 657-4448

Woodbury Office

7616 Currell Blvd., Suite 290
Woodbury, MN 55125
(800) 657-4448

La Crescent Office

205 N. Chestnut St., Suite 101
La Crescent, MN 55974
(800) 657-4448