Captive Insurance Introductory Meeting

Description

URGENT: RECLAIM CONTROL OF YOUR INSURANCE COSTS Ohio Trucking Association Captive Truck Insurance Program Now Taking Applications for Qualified Member Trucking Companies As fellow industry leaders, we all know the harsh reality: commercial truck insurance premiums continue to skyrocket while coverage quality deteriorates. Many of our Ohio Trucking Association members report 15-30% increases this renewal cycle alone, with claims handling becoming increasingly adversarial. IT'S TIME WE TAKE BACK CONTROL. After extensive research and consultation with industry experts, OTA is launching our own Member-Owned Captive Insurance Program — and I'm personally inviting you to be among the founding participants. WHY THIS CHANGES EVERYTHING FOR YOUR COMPANY This isn't just another insurance option — it's a fundamentally different approach where you become a partial owner of the insurance company itself: 1. Direct Ownership Stake: You and other select OTA member companies will collectively own and control this captive, ensuring alignment with your business interests. 2. Significantly Lower Premium Costs: Initial projections show 15-25% savings compared to traditional commercial markets, with the potential for even greater savings over time. 3. Customized Coverage: Policies tailored specifically to your operation's unique needs; not generic coverage designed for the mass market. 4. Claims Management Control: Direct influence over claims handling philosophy and procedures, ensuring fair and efficient resolution. 5. Tax Advantages: Potential for favorable tax treatment on the captive's underwriting profits and for each member. 6. Direct Reinsurance Access: Leverage group purchasing power to secure better rates and terms from excess insurance companies. 7. Improved Cash Flow: Premiums remain within the captive's control until claims are paid, creating potential financial advantages. 8. Superior Risk Management: Comprehensive and customized loss data analysis enables more effective prevention strategies across your fleet. 9. Investment Income Potential: Premium funds generate additional revenue streams for captive owners. 10. Long-Term Pricing Stability: Protection from the extreme market cycles that plague traditional insurance. TIME-SENSITIVE OPPORTUNITY, THE APPLICATION WINDOW FOR OUR 2025 PROGRAM IS OPEN NOW. IMPORTANT: You do NOT need to wait for your current policies to expire. We can structure coverage to begin at any time with pro-rated arrangements for existing policies.