Captive.com logo

Captive Insurance News

Captive-Trends 2018

Captive Insurance Issues and Trends 2018

A FREE 23-page special report courtesy of Captive.com

Dig deep into important issues and trends in captive insurance. Download this FREE special report featuring practical knowledge and insights from eight respected captive insurance thought leaders!

Download FREE Report Now

Direct Workers Compensation in Captives: Its Time Has Come

Michael Maglaras-SF
August 06, 2018

A new Captive Thought Leader Video featuring Michael Maglaras, president, Michael Maglaras & Company, titled "Direct Workers Compensation in Captives: Its Time Has Come," has recently been added to the Captive.com video library.  

Mr. Maglaras proposes that the time has come to insure direct statutory workers compensation in captives on a nonfronted basis. In 49 US states, an organization can become a qualified self-insurer, and in 36 of these states, an organization can become a group self-insurer of workers compensation. When comparing becoming a qualified self-insured with writing workers compensation in a captive, the process starts to lend itself to captive treatment. This means the program is underwritten, funded, and managed directly through a captive insurer where the policy is issued directly on the captive's paper. Workers compensation in captives insurance is usually done as a deductible reimbursement program or as a fronted program with stacking letters of credit over multiple years. Mr. Maglaras asks us to imagine short-term and long-term disability programs as well as direct statutory workers compensation put together in one captive insurance program.

There is no cost to view the videos, and you will find them in the Captive Thought Leader Videos section of Captive.com. More videos will be added in the future.

(Mr. Maglaras is pictured above.)

Captive Insurance Company Reports
Follow Captive.com on Twitter

Twitter Feed