McConkey Captive Client Profile
- Well-run and profitable companies
- Invested in management/result of your own claims
- Good loss experience at least 4 out of every 5 years
- Safety culture from the top down
- Elite in your industry
ELIGIBILITY REQUIREMENTS
- Minimum of $100,000 casualty premium (Workers Comp, GL, and Auto)
- Acceptable financials (determined by an independent CPA)
- Strong commitment to safety
- Above average claims history
- “Best in Class” within your industry
GETTING STARTED
If you are interested in exploring a captive with McConkey, here is a list of the basic information that we need in order to get you started:
- Current year and four prior years’ claims history for Work Comp, GL, and Auto
- Four prior years’ sales and payroll history (insurance audits)
- Current year and four prior years’ premium history
- Copies of current policies
- Latest reviewed financial statement
- Copy of written safety program
McConkey Captive Difference
- Just because an agent can quote a captive doesn’t mean they understand it
- We have nearly 200 captive clients
- We place clients in over 20 different member-owned group captives
- We match the personality of you and your business to the right captive
- McConkey is one of the largest captive brokers in the country
Captive Benefits
- 20-30% lower costs over time
- Premium based on your claim experience, not underwriting appetite, experience mods, or market volatility
- Stability within and control over the entire insurance program from claims to coverage to services
- Cash flow friendly
- Sharing of ideas with other best-in-class business executives
- Dividends available
- Tax deductible