THE EXPERTS YOU NEED TO GET THINGS DONE CORRECTLY AND WITHIN IRS GUIDELINES.

For over 20 years, McConkey has been offering captive insurance products to businesses throughout the Mid-Atlantic region. We represent group captives for Workers Comp, General Liability, Auto, Property, Segregated Portfolio Cells (SPC) for Workers Comp, Association-sponsored groups, and a tailored captive-like approach for Group Health Insurance.

McConkey Captive Client Profile

  • Well-run and profitable companies
  • Invested in management/result of their 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