Looking for guidance on self insuring.

[Richard W.]

We own and run a mid size retail portfolio in Florida.

Renewal rates for PL insurance have gone through the roof, at almost triple last year premiums for some of our properties.

We decided to setup a captive to insure our properties. Our parent company is well capitalized and we can absorb losses, if needs be.

Any advice where I can turn to get the process started to setup a captive? Better still, any referral to pros that can help with the process?

Thanks.

[Jason Bott]

@Richard W. we have brokers we use to help set it up. I'll drop you a DM.

Before you go down the path a of a true captive, (hiring a TPA and paying for the infrastructure to be come a legit captive) you should consider simply buying a high deductible Property policy ($100k or more) along with a GL & Excess policy.  

I have never personally set up a captive, but have set up several clients up with the 2nd option.