Underwriting and Pricing

Upon completion of the initial feasibility analysis and engagement to proceed further, Safe Harbor Risk Advisors will work with you to perform a more in-depth review of your unique fact pattern to determine risks appropriate for your company.

Our compliance team will conduct a review of your existing policies to identify gaps in coverage and uncover additional lines of coverage which may provide meaningful benefits to your operating company.

A captive insurance company can provide protection against risks that prove to be too costly in commercial markets or may be generally unavailable. It may also be utilized to address the inability to obtain specialized types of coverage from commercial third-party insurers. For example, your company may be subject to economic loss due to governmental regulatory or legislative changes.

It is important to understand that while a captive can be utilized to replace your existing insurance coverage, this may not always be the case.

Coverage issued by the captive such as deductible reimbursement doesn’t have to take the place of existing coverage, especially when your current policies provide coverage against the types of risks which may result in catastrophic losses. Your captive can help you build a policy engineered to supplement these traditional lines of coverage you already enjoy.

Safe Harbor Risk Advisors will work with our actuarial partners to obtain and establish appropriate, independent pricing for the risks which have been identified. They will complete a study which will address overall cost, optimum retention levels, and capital and surplus requirements.

It is crucial that the insurance policies issued by, or reinsured by, your captive insurance company provide bona fide coverage at reasonable prices. The policies issued by your captive company must pass the smell test to be respected as insurance in the traditional sense.