A captive is a licensed insurance company fully owned and controlled by its insureds – a type of “self-insurance.” Instead of paying to use a commercial insurer’s money (traditional insurance), the owner invests their own capital and resources, assuming a portion of the risk.

If your organization is safety-focused, then there’s a great chance your annual spend is less than using commercial insurance.

Yes, but you want to make sure your partner values align with others in the Captive. At Sharefield, we invite other organizations to see our commitment to safety, risk management and other best practices that make for a successful insurance group.

Our founding members formed the captive group in 2007 with the desire to better control claim outcomes and apply group purchasing principals to insurance. We’ve built on those values to meet today’s member needs.

These are a few characteristics we look for with prospective members:

• Minimum premium of 250,000 for Workers Compensation, Auto, or General Liability

• Desire to take risk with other “best in class” businesses

• Strong loss performance and pro-active controls in place

• Shares entrepreneurial philosophy

• Wish to be on the right side of the insurance transaction

Sharefield currently offers Workers Compensation, Auto Liability (with higher combined single limits), Auto Physical Damage, and General and Products Liability. Coverage terms are flexible amongst these core lines, so please let us know if you have something unique you want to discuss.

The focus on the member. While there are many group captive options in the market, very few are actually controlled by their owners. Everything from our share purchase price to how we share in claims is driven for the maximum benefit of the member-owner. We are a premium offering in market that is mostly “big-box” in approach.