• Pricing in a Captive

  • Aug 9 2021
  • Length: 8 mins
  • Podcast

  • Summary

  • The cost of insurance is rising for many trucking companies, but not all trucking companies.

    In Group Captives fleets experience rate reductions annually when they perform well on claims, receive money back, and on average fleets pay less when they enter the captive initially. Here are the top stats to know:

    1. Trucking fleets who enter the captive save on average 10-20% when they join the captive.
    2. Trucking fleets when they perform in the top 50% of the captive on average see a 10-15% rate reduction.
    3. Fleets on average receive back 15% of their premium annually on their total premium.

    When it comes to the traditional market vs a group captive, from a net cost for insurance, the captive does not lose.

    If you are an elite-run trucking company and want to exit the traditional market and stop with drastic cost increases on your insurance, let's talk.

    Think different, think captives.

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