Restaurant Franchise Captive Program:
Enjoy the Benefits of Insurance Ownership Participation
The Restaurant Franchise Captive Program (RFCP) provides selected owners of quality restaurants and large restaurant franchisees the opportunity for ownership participation in their own comprehensive insurance program.Insurance That Can Provide a Substantial Return on Investment
Unlike traditional business insurance, the Restaurant Franchise Captive Program (RFCP) is insurance you own, not rent.The difference can mean increased profitability and significant benefits for your business:
- Unbeatable ROI: The program returns millions of dollars to members every yearРin fact, you can receive approximately 60% of your paid-in premiums if you have no claims.Plus you get the opportunity to receive a return premium on your property, liability and workers’ comp insurance policies, as wellower Loss Rates: Restaurant owners often see their pure loss rates decrease by over 80% through program participation. The program uses extensive loss control and claims management services to drive down claim costs for all participants.
- Lower Loss Rates: Restaurant owners often see their pure loss rates decrease by over 80% through program participation. The program uses extensive loss control and claims management services to drive down claim costs for all participants.
- Proven Safety Programs: Take advantage of customized behavior-based safety programs to create a “Safety culture” in your companies that works to prevent losses.
In addition, the insurance provides coverage in all 50 states, offers a tax advantaged alternative for receiving underwriting profits, and offers protection for large losses exceeding $100,000 through risk sharing and reinsurance so one severe claim alone wonմ disqualify you from receiving a share of underwriting profit.
How the Restaurant Franchise Captive Program Works
Traditional insurance companies sell generic, one-size-fits-all restaurant policies to one-location “mom and Pop” franchises, large multi-state operations and everything in between. They collect premiums, pay claims and pocket the difference.The Restaurant Franchise Captive Program (RFCP) provides an alternative that is specifically designed for larger, more sophisticated restaurant chain owners and franchise management companies with strong safety cultures and low loss ratios.
Participants get comprehensive, tailored coverage and pay initial premiums that are competitive with the traditional market. Then the program management works with your management to implement an intense and structured restaurant safety program focused on reducing and managing claims, and driving down claims costs. When claim costs are reduced, you pocket the difference.
The Program’s Structure and Selectivity Limits Your Risk
Through risk sharing and risk transfer, the RFCP is structured to limit each member’s potential losses. In fact, your downside risk is protected on three levels, and the ratio of upside potential to downside risk is three-to-one.The RFCP is very selective. Only companies that have superior management, a focus on safety, and that have achieved historical loss ratios significantly lower than the industry average are included. If this describes your company, we’d like to talk with you.
Call 714/634-7600 or email Everett Newman today to see what Miller United Insurance Brokerage, Inc. can do for you.
