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August 05, 2014
Response by John Salisbury

It depends a great deal on a number of factors:

  1. Is the group of organizations/businesses interested in forming a risk purchasing group well organized and educated about the potential advantages and disadvantages; e.g., will it be a program sponsored by an existing association?
  2. How knowledgeable is the broker working with the group? Does the broker have prior experience?
  3. The ability of the broker to locate an insurer willing to provide insurance for the group
  4. The availability of premium & loss data from interested members, etc.

Conservatively, at least six months is my response. My personal experience is the minimum lead time for a group captive is 12 months.