Geting Started

We think a captive may work for us, so what’s the next step?

If you think a captive may fit your organization, or even if you’re not sure, it’s best to speak with a consultant within PERMA’s Alternative Risk/Captive Practice Group. PERMA’s professionals are trained to determine whether a captive, or other program, is best for each organization.  Our industry experts take a consultative and collaborative approach to assess your risk profile and determine if captive insurance is the right solution for you.

Our consultative process includes three distinct phases:

1.      Pre-Feasibility

  • Captive 101 consultative educational sessions
  • Understanding of corporate organizational structure and overall strategy
  • Collection and analysis of current insurance programs (limits, premiums, coverage, retentions, exclusions, losses)
  • Identification of insurable risks, self-insured risks and uninsurable risks
  • Identification of type of captive (single parent, rental captive or group captive)

2.      Feasibility Study

  • Actuarial analysis
  • Financial pro forma (income statement and balance sheet)
  • Captive structure(s) compared to other insurance programs
  • Domicile identification and selection
  • Identification of third-party service providers

3.      Implementation

  • Captive business plan
  • Interaction with captive manager and domicile regulator
  • Policy wording/creation
  • Licensing and incorporation

After selecting which captive will work best for you, we work by your side, serving as your captive manager and strategic partner. At each step of the process, you have access to PERMA’s extensive support services and preferred partners, enabling you to do more than with a traditional insurance plan.

And with your insurance worries off your plate, you’ll be able to focus more on growing your business, and that’s what really counts.

Email us at to get started today.