Knoxville, TN – TIS Insurance Services, Inc., a leader in innovative insurance solutions, has announced a strategic partnership with Innovative Captive Strategies (ICS), a top 10 captive insurance company manager. This collaboration allows TIS to expand its commercial insurance solution offerings beyond the traditional insurance market to those clients who have an appetite for alternative risk solutions.
Why ICS?
Spencer Nelson, Commercial Client Executive at TIS Insurance Services, emphasized the significance of the partnership, drawing on his experience in captive insurance with ICS as a broker: “Captive insurance is the answer for many business owners who are frustrated paying substantial premiums at a 100% business expense. While we understand this is not a solution for all our business clients, a captive insurance program can be an opportunity for qualified owners to have their insurance work for them as a profit center. With ICS as our partner, we can now offer our clients alternative risk tools they can utilize to take more control of their insurance programs and create stability in an unpredictable market.”
Spencer’s specialized knowledge and hands-on experience with captives positions him as a resource for TIS clients exploring alternative risk solutions.
Why now?
As rising insurance premiums in the traditional insurance market continue to impact a business’ bottom line, captive insurance offers a long-term alternative insurance strategy. For those businesses who qualify, joining a captive group can provide greater control, stability, and the opportunity for underwriting profitability.
“This partnership gives us the ability to offer a more tailored, stable, long-term insurance option to our clients for their general liability, business auto, and workers’ compensation coverage,” said Stuart Oakes, President, TIS Construction Division. “By teaming up with ICS, we can position our clients to not only have more control over their risk management but also open the door to share in underwriting profit. For over a decade, decreasing Workers’ Compensation rates in Tennessee have enabled the standard market to remain competitive and be the best solution for most employers. However, we predict a shift in the Workers’ Comp space over the next few years, which will make the group captive model an attractive option.”
Innovating Risk Management Solutions
Through this partnership, TIS clients will gain enhanced access to captive insurance programs specifically designed to address the unique needs of businesses across industries. These innovative solutions offer businesses an effective way to navigate rising costs while maintaining robust risk protection.
About Innovative Captive Strategies (ICS)
Innovative Captive Strategies is a captive insurance consultant, specializing in alternative solutions that enhance control, stability, and opportunity in health, property and casualty insurance. Since its founding in 1999, ICS has created captives with a dedicated model by selecting best-in-class companies of highly vetted members, resulting in higher engagement and more control. Instead of renting insurance from a large carrier, our clients take control and own insurance. YourCaptive.com
About TIS Insurance Services
Founded in 1945, TIS Insurance Services is one of the largest independent, privately-owned insurance agencies in the Southeast, offering coverage solutions across personal insurance, commercial risk management, and employee benefits. With a client-first philosophy and a team of experienced professionals, TIS delivers tailored risk management and employee benefits strategies that help businesses and individuals protect what matters most. Headquartered in Knoxville, Tennessee, TIS is recognized for its industry expertise and dedication to innovation. Learn more at tisins.com/captive-insurance-program/.
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