A select few busineses or groups of businesses create a licensed insurance company to insure themselves. Captives provide  flexibility to insure different types of businesses. These companies can be grouped by industry, common interest, or commitment to safety and excellence.

By creating their own insurance company, captive members create the opportunity to reduce their costs, insure difficult risks, and evaluate the risks of their peer members more precisely. More importantly, captive groups can vote on, communicate with, and evaluate new members, leading to opportunities to share risk intelligently and carefully.This leads to a more accurate risk assessment over time.

Perhaps the biggest value that a captive provides is the opportunity to share safety knowledge, create relationships, and make improvements with peer business leaders. These so called "soft skills" can create immeasurable value to an organization mitigating costly accidents, empowering new ideas, and elevating workplace processes.