Captive Services

Your captive/limited purpose company managed by Venture Captive Management, LLC is a “turn key” operation. We, along with our professional business partners, provide you with the information you need to make informed decisions about managing your risk.


Policy Administration
We, on behalf of your captive, will issue you insurance policies for the coverages provided by your captive. These policies will meet all regulatory obligations imposed on you. It will also set forth the terms and conditions required for someone to make a claim against you just as any insurance policy would. Policy Administration also includes notifying your lien holders and contract providers that your coverage is in effect.


Claims Administration
Most captive owners have chosen the captive structure to gain more control over their claims process including not only the adjudication of claims but also the integration of financial analysis into their monthly financial reports. Venture Captive Management, LLC—in conjunction with our claims partners—provides a seamless claims administration process where you control the decisions as to how, when and to whom payments are made. You see the results on a monthly basis to control the effectiveness of the process.


Risk Management/Loss Control
Venture Captive Management, LLC works with your operations experts to prevent claims before they occur and to control losses if and when they do occur. Our experienced business partners provide you with the level of expertise your company needs to supplement the programs you already have in place or to create new ones that suit your needs. This is a key management tool for controlling the costs of the operations and to meet regulatory compliance.


Underwriting/Risk Selection
The underwriters at Venture Captive Management, LLC are experience in a broad range of exposures. We work with your operations personnel to help you develop the kind of risk profile that suits your industry. Our actuaries will give you guidance in developing the premium-to-risk indicators that will make your risk funding structure not only solvent but also profitable.


Accounting
The Accounting Department is responsible for the financial operations of the captive insurance company. We assist with the initial establishment of a captive by preparing financial proformas, opening bank accounts, and collecting/remitting initial capital requirements. On a monthly basis, we issue periodic premium invoices, collect and deposit premium checks received, issue checks for expenses, and transfer funds to the claim imprest accounts. At month end, we reconcile the bank accounts, record claim reserve activity, make other required adjustments to the general ledger and issue statutory financial statements to the captive owners. On a periodic basis, we liaise with third party auditors and tax preparers, respond to regulator requests and assist other departments with various projects.


Financial / Regulatory Compliance
Captive/limited purpose companies are highly regulated structures. Venture Captive Management, LLC has the skill-set people and strategic partners in place to keep up with multi venue requirements - both domestically and internationally. Our people/partners are the leaders in the industry, who specialize in maintaining regulatory requirements under the following regulatory authorities:

• Homeland Security
• Department of Labor
• Health and Human Services
• Insurance Departments
• Internal Revenue Service
• Securities and Exchange Commission
• Financial Service Commission from Foreign Venues
• Banking and Investment requirements
• And other regulatory entities/departments

VCM takes pride in the team it has put together to keep up on the various regulations. One of its goals is to keep its clients compliant.


Other Back Office Functions
If you’re looking for a “turn key” alternative risk funding structure, you’ll want a management company that fits together in a complete package all the pieces of the risk puzzle. Venture Captive Management, LLC puts all the back office functions together to provide coverage for your risks; to meet regulatory compliance and to provide you control over the process.