Captive Insurance Services
Rising premiums, limited coverage, and exclusions often leave businesses paying more while still carrying significant risk. For profitable companies with consistent exposure, traditional insurance may no longer reflect how risk is actually managed or what it actually costs.
Captive insurance structures give qualifying businesses the ability to self-insure certain risks through an owned insurance entity. As an independent CPA, IT, and Wealth firm, Haynie works with business owners to evaluate feasibility, establish structure, and maintain the financial, tax, and compliance oversight a captive requires to operate correctly and defensibly.
Financial, Tax, and Compliance Support That Matters
Haynie works alongside business owners from early evaluation through the ongoing operation of a captive, including feasibility analysis, premium modeling, accounting setup, financial reporting, and tax compliance tied to the captive entity.
Our firm also collaborates with attorneys, actuaries, and captive managers to keep reporting, governance, and documentation aligned as the captive evolves. If you’re considering a captive or already operating one, reach out to discuss where things stand and what comes next.
Which Businesses Benefit Most from Captive Insurance?
For businesses with predictable risk and strong financial performance, forming an owned insurance entity can create more control over coverage, claims, and long-term costs. Captive insurance services support the evaluation, formation, and ongoing operation of these entities within established regulatory and tax frameworks.
These services are commonly used by:
Captive Insurance FAQs
The timeline varies, but most captive insurance structures take several months to evaluate and establish. This includes feasibility analysis, entity formation, regulatory approval, and policy setup. Planning ahead is important, especially if the captive is intended to be part of a broader financial or risk management strategy.
Captives are often used to insure risks that are difficult, expensive, or limited in the commercial market. Common examples include:
The specific risks depend on the business and must meet insurance and regulatory standards.
A captive operates as a regulated insurance company and must follow formal governance requirements. This typically includes maintaining a board, documenting decisions, and complying with reporting obligations. Proper governance demonstrates that the captive is operated for insurance purposes, not as a passive financial vehicle.
Captive insurance arrangements are closely reviewed by tax authorities because of their structure and potential tax impact. Proper risk transfer, documentation, pricing, and ongoing operations are critical to supporting defensible tax treatment. Haynie’s advisors work with business owners to meet those expectations and maintain defensible compliance over time.
Yes. Many captive structures evolve as a business grows, risks change, or coverage needs shift. Policies, premiums, and insured risks can be adjusted over time as long as changes follow regulatory and insurance requirements. Ongoing review keeps the captive aligned with current business realities rather than locked into its original design.
Find Out If a Captive Structure Fits Your Business
Captive insurance isn’t the right fit for every business, but for profitable companies with consistent risk exposure and long-term planning goals, it can offer more control over coverage, claims, and costs than traditional insurance allows. Haynie works with qualifying business owners to evaluate feasibility, structure, and ongoing requirements from the start. Reach out to discuss whether a captive aligns with your financial and risk profile.
