Five Reasons to Consider a Cell Captive Insurance Program

Cell Captive is more achievable than you might think

For all those businesses who are budgeting and saving month to month, just so they can afford their insurance bill – say no more! Cell captive allows you to go your own way, save cash, and still be protected.

 Interested? You should be! If you spend big on insurance every month then this could be just the solution you have been waiting for… and here are the best five reasons why.

5 Reasons Cell Captive is Better Business

Without dancing around the issue, let’s talk about the reasons why you should think about cell captive insurance when your bills get too high.

1 – The Affordability

There is a lot to be said for the pricing of the insurance industry.* The deals that we get on the business end are not the same as the prices the insurers themselves are charged.

When you go captive, you end up able to benefit from the reinsurance market… and prices will fall as a result.

2 – The Flexibility

As well as being affordable, access to that market allows you to price your insurance based on what you need, instead of forking out for expensive insurance packages that you won’t use.

For example, you can buy a module of public liability insurance without medical expenses, or even cut out the excess of your normal policy, to help further reduce those costs.

3 – The Control

Which brings us to the third point. Cell Captive insurance gives you full control over exactly what you want to be insured for. You don’t need to buy modular insurance packages for the things you don’t need, so you aren’t paying excess for something that you don’t use.

Opting for cell captive also allows you to pick and choose what you want, when you want it, and even cancel when you don’t need it anymore. With a cell captive, you have full control over your insurance policies.

4 – The Benefits

You get the same benefits as what you would get when you don’t go through a cell captive insurance program. This means you get access to the same coverage level, the same procedural workings, and many other of the insurance perks that you get from your existing company.

The difference? Captive is cheaper, matches your individual needs, and doesn’t burden you with the costs other firms have racked up.

5 – Minimal Risks

Since your insurance expenses and provisions are limited to smaller groups of businesses, you are able to pay out a lot less for those premiums. You are likely to be grouped with firms of a similar nature to your own.

 So if you are a low risk firm with a low risk business, why should you go through normal insurance processes only to pay for other’s mistakes? This is just one more reason why a cell captive makes better business sense than a regular insurance model.

Don’t forget that if you need help, Talisman Casualty Insurance Company is here to help you with your insurance needs. We can provide end-to-end cell captive insurance management for your firm. All you need to do is reach out, and a world of expertly curated insurance policies could be yours.

*https://www.aig.com/about-us/knowledge-insights/the-benefits-of-cell-captives