Protect your plans with the right insurance—because peace of mind matters.
Captive Insurance Solutions

Captive Insurance Solutions from Income Resource Group

Captive Insurance offers businesses a unique opportunity to take greater control over their risk management strategy. Instead of relying solely on traditional insurance markets, captive insurance allows you to create a customized insurance program tailored specifically to your company’s unique risks and operational needs.

By forming a captive, your business can potentially reduce insurance costs through better risk retention, improve coverage flexibility, and gain more direct oversight of claims and loss prevention. This approach also offers the possibility of long-term financial benefits, including underwriting profits and investment income.

At Income Resource Group, we understand the complexities and advantages of captive insurance. Our team works closely with you to evaluate whether this strategy fits your business goals, helping you design and manage a captive program that delivers both protection and cost savings.

Contact us today to explore how captive insurance can empower your business with smarter, tailored coverage.

What is Captive Insurance?

At its core, captive insurance is an insurance company created and owned by one or more business owners specifically to insure their own risks. Unlike traditional insurance policies purchased from third-party providers, captives are structured to offer tailored coverage, risk management, and cost control directly aligned with the unique needs of the parent company or group of companies.

This common ownership allows businesses to design insurance solutions that address gaps often left by the commercial insurance market. It also gives you greater control over policy terms, claims handling, and underwriting decisions. Beyond protection, captives can provide financial benefits, such as potential cost savings, improved cash flow management, and the opportunity to retain underwriting profits.

For businesses with complex or specialized risk profiles, captive insurance is a strategic tool to manage exposures in a way that traditional insurance often cannot. At Income Resource Group, we guide you through the captive insurance process—helping you understand the benefits, structure the right program, and optimize your risk management strategy.

Connect with us today to learn how captive insurance can give your business customized protection and greater control over your insurance costs.

What does Captive Insurance cover?

  • Employee healthcare insurance
  • Workers’ compensation
  • Product liability
  • Professional liability
  • Extended warranty and service contracts
  • Cybersecurity and terrorism risks
  • And other company-specific exposures unique to your business

At Income Resource Group, we help you design captive programs that address your most critical risks, providing customized protection and financial control that align perfectly with your company’s needs.

Understanding the Cost of Captive Insurance

Launching and managing a captive insurance program involves both startup expenses and ongoing annual operating costs. While every business’s situation is unique and costs can vary, a general guideline is to budget around $20,000 annually to cover these combined expenses.

At Income Resource Group, we work closely with you to provide transparent guidance on costs and help design a captive program that fits your financial and risk management goals—so you can make informed decisions with confidence.

Contact us today to learn more about the investment and value behind captive insurance solutions.

The Benefits of Captive Insurance

  • Improved Risk Management through tailored coverage designed specifically for your business
  • Multi-State Capabilities that allow you to operate seamlessly across different regions
  • Cost Reduction by minimizing premiums and retaining underwriting profits
  • Comprehensive Coverage that fills gaps often left by traditional insurance policies
  • Returns on Underwriting Profits and Investment Income that add financial value back to your business
  • Enhanced Cash Flow through more predictable insurance expenses and claims handling

By leveraging captive insurance, your business gains the freedom to focus on growth and success, confident that your unique risks are managed and your costs optimized.

At Income Resource Group, we’re here to help you design and implement a captive insurance strategy tailored to your goals—so you can concentrate on what matters most: growing your business.

Already Have Captive Insurance? Let’s Make Sure It Still Works for You

If your current captive insurance provider isn’t meeting your expectations—whether due to rising premiums, limited service, or claims challenges—it may be time to explore alternatives that better fit your business needs.

Remember, canceling your existing policy before securing new coverage could expose your business to significant financial risks.

At Income Resource Group, we make switching simple and seamless. We’ll help you review your current plan, compare options, and ensure you remain fully protected throughout the transition.

Reach out today to discover captive insurance solutions tailored to your business and peace of mind.

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