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Captives, 83(b), Self-insured, High Deductible Insurance

Captive insurance is similar to being self-insured, but a parent group or multiple groups instead form a licensed insurance company to provide themselves coverage.

Insurance premiums are continuing to increase, and Gallant Risk & Insurance Services, Inc., has extensive experience in captive insurance as well as self-insured programs to provide cost-effective coverage. Our team focuses on the big picture and takes a multi-disciplined approach to alternative funding. We offer all of the following:

  • Domestic and foreign
  • Group captives
  • High deductible plans
  • Self-insurance, reinsurance
  • Single parent captives
  • Sponsored captives

What Does Captive Coverage Provide?

Once you qualify as an insurance company through the U.S. federal income tax board, you must also meet the risk distribution requirements. Our team can go through these requirements with you and discuss your options.

Captives change large deductibles into an insurance premium. After setting your retention level, an actuary determines your expected losses to calculate your captive premium. The next step is researching whether your premium is deductible from your U.S. federal income taxes.

Provision 83(b) under the Internal Revenue Code (IRC) gives an employee or startup founder options for paying taxes on the entire fair market value of the restricted stock at that time.

Protecting Yourself

When in doubt regarding taxes or insurance policies, it is always best to get a professional opinion to offer some advice and guidance on your next steps. Speak with one of our representatives to get more information on captives, 83(b), self- insured, high deductible insurance, and which option is best for you.

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4160 Temescal Canyon Rd., Suite # 402
Corona, CA 92883

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Main: (951) 368-0700
Fax: (951) 368-0707