Captive Insurance

With natural disasters, pandemics, inflation, rising interest rates and global events constantly influencing the market, Captive Insurance provides you with more control. Captive Insurance can also offer a score of potential tax benefits and reduced insurance costs. As award-winning, AFS licensed business insurance brokers, Crucial Insurance can help you develop clear and effective Captive Insurance strategies to suit your company’s needs. Call us on 1300 400 707, contact us or get a quote now.

We are award-winning Captive Insurance specialists

top business insurance broker
best business insurance broker
business insurance broker stephen ball award
business insurance broker-niba award
2020 top insurance broker medal given by Advisr

Captive Insurance is a type of insurance fully owned and controlled by you, the insured, to give you more control over your business’ (or affiliated businesses’) risks and potential losses.

captive insurance

Benefits of Captive Insurance

More control over insurance allocations

Stronger command over policy terms and conditions

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

Insure against risks that may not be as obtainable through traditional means

Cost benefits: the potential for lower premium payments

A strategy used for better cash flow control

Revenue generation through underwriting profits

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

captive insurance australia

How does Captive Insurance work?

With traditional insurance options, your cover is often at the mercy of your insurer. Your insurer is the one who decides the kind of cover you obtain, the premiums you have to pay, and whether or not you are entitled to your claims.

On the other hand, Captive Insurance allows you to form your own insurance company or ‘captive’, giving you greater control over your insured risks. Captive entities are considered legitimate entities as they are utilised by both Australian and multinational organisations, including private, publicly listed and non-profit organisations.

Is Captive Insurance right for you?

captive insurance broker

Captive Insurance often goes hand-in-hand with traditional insurance options, and does not usually work on its own. As such, it should not be considered a blanket solution to risk management, but rather, a potentially advantageous tool in your insurance toolbelt.
Although widely used, it is important to note that Captive Insurance has a high barrier to entry. 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.

Furthermore, if you are looking to pursue a Captive Insurance strategy, you must have the resources available to set up an insurance company that can provide cover for potential losses.

captive insurance consultant

Besides working with qualified business insurance brokers (such as us), your captive may engage with attorneys, administrators, accountants, tax advisers, managers, directors, bankers and other experienced professionals.

If the costs of Captive Insurance seem daunting to you, another way to achieve risk transfer at the fraction of the usual cost is through Protective Cell Companies (PCC). The PCC agreement can be a cost, capital, and time efficient way to gain more control over your insurance costs and limitations.

As business insurance brokers you can trust, Crucial Insurance recommends that before pursuing a Captive Insurance strategy, you should contact us to discover all the strengths and weaknesses of this approach.

Why clients choose Crucial Insurance for Captive Insurance

two men discussing business insurance in Brisbane

Crucial Insurance brokers are experts in helping companies find both traditional and hard-to-find insurance policies. Our extensive experience allows us to guide you in understanding your risks, making informed decisions, and effectively protecting the future of your business.

Our efforts have won us multiple awards, including the NIBA Broker of the Year Award, and the Queensland Stephen Ball Memorial Award. We attribute these successes to the Crucial Insurance mentality—seeing every client’s business as our own, and priding ourselves in our proactive approach to customer support.

Additionally, we are an Australian Financial Services Licence holder and have been since 2014. This means we are regularly audited to ensure we provide a high level of skill with an exceptional level of integrity and service.

Here are some more reasons why our clients choose us:

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

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

We help companies find hard-to-place insurance options using our national and international insurer network

We are passionate 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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Speak to a Captive Insurance specialist today.