More and more group captive programs come bundled with some measure of safety and loss control component. Most smaller captives being formed by closely held businesses today however have no such element. Most managers have no such knowledge or professional network either.
Since most smaller companies do not have internal safety and loss control staff, this often prevents their realizing they have need for such expertise unless and until something disastrous happens. This wake up call could come in the form of unexpected high regulatory fines, serious injuries or significant business disruptions.
Contact us if we can help you develop loss and safety control policies and procedures. We have a network of loss control and safety consultancy firms we can refer to clients interested in exploring the value of such an investment.
Any business that invests in a captive affiliate should also renew analysis of operational safety and loss control policies and procedures. Often employee education and training is then indicated.