All of us self insure all the time. We choose a deductible and below that threshold, we are prepared to pay for that amount of loss ourselves. The same goes for your company deductible. I can imagine you’ve chosen a deductible that is in the thousands, maybe even up to hundreds of thousands of dollars for some company insurance – depending on what it is.

Now imagine, you join with five, 10 or 15 other companies and insure as a group. You can choose what you want to insure together and what you’d prefer to leave out. You can determine your level of insurance, track your collective claims history and get analytics about your insurance risks. This type of insurance company is called a Group Captive.

We also have Single Parent Captives, where a large company can self insure – this type of insurance works well for companies with many locations or branches or perhaps even franchisees.

Through it all, Paramount is your trusted advisor working to guide you through the process and to administer either the group or single parent captive to ensure the process is well managed and operating effectively.