01. Assess Your Eligibility
Learn about the type of industries that we work with. We invite you to take our Member Questionnaire.
02. Begin Application Process
We need some information from you. Complete our questionnaire and we will reach out to discuss the program with your Team.
03. Reap the Benefits
Benefit from being an owner/member of this unique program. Learn the financial benefits of controlling costs in a Captive.
Information Needed for Feasibility Analysis
- Completed DMG submission form
- 5 years currently valued loss runs
- 5 years historical data
- Premiums by line (Garage, WC)
- Historical Payroll by year
- Employee Count by year
- Total Revenues by year
Conceptual
Indication
- Internal actuarial indication of how pricing would look for the prospective member
- Answers the following questions:
- Is the program viable?
- Does it make sense for the insured?
- If so, then we can use it to:
- Formalize quotations
- Gain member approval
Final
Proposal
- Includes a formal presentation of:
- Program Costs/Evaluation
- Quote Summary
- Template of Coverage
- Security Requirements
- Service Providers
- Listing of Current Members
- If the prospect member decides to join, the member capitalization and authorization to bind is due at that time.
*If the prospective member decides that the captive concept and indication is intriguing enough to pursue a final, binding quote: a fee of $2,500 is due – made payable to Dealer Risk Services, Inc. Because the captive is owned by the clients, the cost for underwriting, pre-loss control visits, actuarial work and a risk assessment is borne by the captive.