A short conversational transcript from a YouTube video advising trucking companies (20–50+ trucks) on lowering insurance costs through self-insured retentions (high deductibles) and captive insurance arrangements. The speaker explains how retained funds are invested, reduce premiums, and can cover large claims via reinsurance while remaining the company’s asset if claims are low.
So that's a great option. So let's say you guys are getting up there in size, you got 20, 30, 40, 50 trucks. Obviously way more works too. You guys can have self insured retentions which basically a deductible on your insurance which could lower your rates like crazy. You could do captives which is basically the next step from self insurance. So you guys can get to be self insurer where you guys can put in that money pay the captive for like reinsurance in case you have a million dollar claim and you're like well I don't want to, I want to pay a couple million out of pocket. You could pay 300,000 out of pocket or you know the sir if you guys are not wanted to pay 300,000 money gets invested just like an insurance company money starts piling up. If you guys claims are low you're paying more to the captive, money's yours and it's making money for you. So that's a great option.
