Insurance captives can be a powerful tool for contractors looking to manage risk and increase their profits.
FMI Insurance Limited, SPC (FIL), a separately incorporated segregated-cell captive was created specifically for our clients who consistently out-perform the market regarding insurable risk. We provide all the benefits and independence of a single-parent captive (no risk sharing) but with the economies of scale and knowledge sharing offered in a group structure.
Insurance captives allow the participants to share in the profits, better customize coverage to meet their needs and spreads risk among member companies. Working outside of the traditinal commerical market, we can offer more stable pricing, better cash flow and more control over your insurance.
Setting up and operating a captive is costly, time-consuming and complicated. FIL offers clients a turn-key opportunity to leverage the benefits of a captive insurance program without the cost and effort of establishing and operating your own. And because you're in the construction business, and not the insurance business, FMl's Risk Management practice sits right beside our members to provide operational and strategic guidance.
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