Visit our Facebook
pillar insurance group llc
We got you covered

Take Control of Your Insurance with Captive Insurance Management

Comprehensive Captive Insurance Solutions by Pillar Insurance Group LLC in Maryland
Get Started

23 years in serving people

100% customer satisfaction

Trusted by 400+ Families

85+ coverage options to choose from

two-happy-partners-shaking-hands-cafe-1024x683

Captive Insurance Management Provided By Our Agency

Captive Insurance empowers you to manage your insurance needs more effectively by reducing costs and customizing coverage to fit your specific requirements.

Understanding Captive Insurance

Captive Insurance refers to an insurance company established by a business owner or a collective of business owners to insure their own risks. Through shared ownership, these captives offer tailored insurance, risk transfer, and risk management solutions uniquely designed to meet the needs of their insured parent companies.

Coverage Offered by Captive Insurance

Captive Insurance provides financial risk solutions for a variety of coverages, including:

  • Employee healthcare insurance
  • Workers' compensation
  • Product liability
  • Professional liability
  • Extended warranty and service contracts
  • Cyber security and terrorism
  • Other company-specific risks

Cost Implications of Captive Insurance

Starting and maintaining a captive insurance program involves initial setup costs and ongoing annual expenses. Typically, you should budget approximately $20,000 for these startup and operational costs, though this can vary based on individual circumstances.

Advantages of Captive Insurance

  • Enhances Risk Management
  • Multi-State Capabilities
  • Reduces Insurance Costs
  • Offers Comprehensive Coverage
  • Returns Underwriting Profits and Investment Income
  • Improves Cash Flow

Captive Insurance from Pillar Insurance Group LLC in Maryland can significantly benefit your business by offering more extensive coverage, reducing costs, and enhancing cash flow. Let us take care of your insurance needs so you can focus on growing your business without worrying about associated risks.

Contact Pillar Insurance Group LLC today for more details on how Captive Insurance can benefit your business in Maryland.

Already have Captive Insurance Management? Switching is easy

It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options

If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.

Contact us today to help you with multiple options to choose from.
Request a Quote

Get Personalized  Insurance

Name(Required)
This field is for validation purposes and should be left unchanged.
Pillar Insurance
We extend coverage to individuals and businesses in Potomac, MD and surrounding areas.
10000 Falls Rd, Suite 206
Potomac, MD 20854
240-722-6854
© 2024 Pillar Insurance Agency Designed by Amplispot
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram Skip to content