Captive Insurance Melbourne

Captive Insurance is the process of creating your own insurance company instead of relying on an external insurer who dictates your coverage and premiums. Creating a ‘captive’ can provide your Melbourne business stability in a market that is often disrupted by natural disasters, pandemics, inflation, and other global events.

Crucial Insurance is an AFS licensed business insurance broker with a reputation for excellence. With our extensive experience, we can assist you in developing a Captive Insurance plan that meets your Melbourne business’ needs. Call us on 1300 400 707 for more information, or contact us and get a quote now.


We are award-winning Captive Insurance specialists

business insurance broker stephen ball award
business insurance broker-niba award
2020 top insurance broker medal given by Advisr
QLD 2020 top insurance broker medal
2020 top insurance broker rated by customers award medal

Captive Insurance, Melbourne: what is it?

Captive Insurance is a type of cover that allows you more control over your insurance policies. By creating your own insurance company, also known as a ‘captive’, you’ll be offered stability in a market constantly changed by natural disasters, pandemics, inflation and other global events.

captive insurance

Benefits of Melbourne Captive Insurance

Captive Insurance can offer a multitude of financial benefits for your Melbourne business, including:

  • Stronger command over policy terms and conditions
  • Better cash flow control
  • Revenue generation through underwriting profits

Tax benefits: reserve funds held by this insurance company can potentially be tax deductible

Revenue generation through underwriting profits

Tax benefits: reserve funds held by this insurance company can potentially be tax deductible

Cost benefits: the potential for lower premium payments

The ability to insure against risks that may not be obtainable through traditional means

The ability to insure against risks that may not be obtainable through traditional means

This is not an extensive list. Please contact us to see if Captive Insurance is right for your Adelaide business.

melbourne captive insurance

How does Captive Insurance work?

When you rely on traditional insurance options, your insurer has complete authority over the type of coverage you receive, how much you need to pay, and whether your claims are valid or not.

Captive Insurance, on the other hand, lets you create your own insurance company, or 'captive,' which gives you more authority over the risks you insure. Captive entities are valid entities that are used by various organizations, such as private, publicly listed, and non-profit organisations, both in Australia and around the world.

It is important to note that Captive Insurance should not be considered a complete solution to risk management. Businesses must have the resources available to set up an insurance company to provide cover for potential losses.

Additionally, Captive Insurance has a high barrier to entry, and it is generally recommended for companies with exemplary loss histories (and continued lower loss expectations) that have a premium size of at least $1 million.

Is Captive Insurance right for your Melbourne business?

captive insurance broker

Captive Insurance is a strategy used by entities of all types, including private, public and multinational organisations and non-profits. However, Crucial Insurance brokers recommend Captive Insurance for companies with exemplary loss histories and expectations of continued low losses, and a premium size of at least $1 million due to its high barrier to entry.

captive insurance consultant

Before pursuing a Captive Insurance approach for your Melbourne business, we recommend that you consult with an experienced insurance broker who has the expertise to discuss the suitability of this coverage. As an Australian Financial Services Licence holder since 2014, Crucial Insurance brokers are guaranteed to provide you with a high level of skill, integrity and an exceptional quality of service.

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Captive Insurance: Melbourne Snapshot

The second-most populated city in Australia, Melbourne is widely regarded as Australia’s cultural and economic capital. The city is home to many large companies and institutions, including the Melbourne Stock Exchange, some of the world's largest trading banks, and several universities. With nearly half of its population being born or having parents born overseas, Melbourne is considered to be one of the most diverse regions in Australia.

The bustling metropolis is home to numerous museums, galleries, and cultural institutions, such as the National Gallery of Victoria, the Melbourne Museum, and the Australian Centre for Contemporary Art. Melbourne is also host to many international events and festivals, including the Melbourne International Film Festival, the Melbourne International Comedy Festival, and the Australian Open.

Why choose Crucial Insurance and Risk Advisors for Your Captive Insurance Needs?

two men discussing business insurance in Brisbane

Crucial Insurance brokers are specialists you can trust. With a strong reputation in the industry and multiple awards recognising our dedication and efficiency, you can rely on us to find the best cover for your Adelaide business.

Our proven approach to business insurance brokerage has helped business owners and senior executives develop clear and effective insurance and risk management strategies. Elevate your Adelaide business and speak to an experienced Crucial Insurance broker today.

Transparent advisory: our number one priority is adding value to your business and placing your needs first

Extensive experience in solving insurance challenges: from small businesses to publicly listed companies, we have and will negotiate with insurers on your behalf

We have the connections: we help companies find hard-to-place insurance options through our national and international insurer networks

We have the drive: we are about helping clients reduce their premiums while still accessing the right forms of cover for their needs


Read more Crucial Insights about Captive Insurance.

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Looking for Melbourne Captive Insurance? Speak to an award-winning Captive Insurance specialist today.