Captive Management

Many captive management companies focus solely on the tax benefits associated with a captive program. Instead, we maximize the overall financial benefits of a comprehensive risk management program which includes a captive insurance program as one of its key elements.

The first step is determining if your business operations and financial performance make it suitable for a captive program. If the result of the feasibility study is positive, we then provide turnkey services all the way through design, licensing, formation and operation of your captive.

Since we take a conservative risk-based approach to captive solutions, we think it is vitally important to have checks and balances for your captive. We do not attempt to offer CPA, legal or actuarial services. Instead, we have strategic relationships with leading providers in these areas, and also willingly work with your trusted advisors to ensure complete transparency and security around any captive solution.

Steps:

• Feasibility Study
• Business Plan
• Licensing and Regulatory Compliance
• Preparation of Reports for your Accountant and Tax Preparer
• Underwriting and Policy Issuance
• Claims Management
• Corporate Governance
• Annual Renewals

Captive Manager Code of Conduct 

River Oak Risk adheres to the Self-Insurance Institute of America Captive Manager Code of Conduct. Doug MacGinnitie, CEO of River Oak Risk was on the SIIA committee that was responsible for drafting and implementation of the Code of Conduct. Click here to read the full of conduct.

Captive Repair

Do you or your advisors have concerns about how your current captive is structured? A captive must operate as a real insurance company to receive the tax benefits available under the law. We work with owners who have troubled captives or who realize their original advisors may not have provided the best advice. We help with everything from repairing the captive to winding down operations.

Risk Factors:

• Thinly Capitalized
• Loan Backs from Captive to Operating Business
• Inadequate Third-Party Risks
• Unreasonable Premiums
• Use of Terrorism pool

Risk Management Consulting

Additionally, our risk management consulting services provide a solution for businesses that do not have their own in-house risk management staff or have specific projects requiring outside assistance. We partner with you to align your risk management with your business objectives – all to achieve sustainable, optimal performance.