services

Self Insurance

Q: What to expect from a Gow-Gates insurance broker?

Objective and qualified insurance broking and advice; Expertise in a range of risks, including emerging risks such as cybercrime; Australian owned: a team that knows you and is committed to your success; Unparalleled service that negotiates on your behalf, tailors policies, and manages claims; Experience and knowledge with the risks and insurance options specific to your industry; An annual review to identify gaps and ensure your cover is appropriate and cost effective; Access to over 150 insurers, comparisons and advice on a range of options and solutions.

Explore and implement alternative risk transfer, including captive deductibles, discretionary mutuals and captive insurers to improve cost control and management of risk, as well as your financial flexibility.

Common self insurance strategies

Aggregate deductibles and excess of loss policies

Discretionary mutual funds

Captives (onshore or offshore) arrangements

Our Experience and Capability

For over 20 years, Gow-Gates has established a variety of self-insurance structures for its clients, including the structuring and management of the first managed aggregate deductible fund, large discretionary mutual trusts and captive insurers.

data_thresholding

Self Insurance Advice and Analysis

We review your risk and identify innovative strategies for alternative risk transfer.

star

Workers Compensation Self Insurers

Our self insurance capability includes experience in structuring and managing workers compensation self-insurance programs.

calculate

Aggregate deductibles

Gow-Gates was the first to structure an aggregate deductible fund in the Australian market.

compare_arrows

Discretionary Mutuals

Our teams have unlocked significant value for our clients and their mutual members by launching and managing discretionary mutuals for self insurance.

analytics

Captive Insurers and Captive Cells

Experience and capability in undertaking feasibility analysis and implementing captive insurers or cell captive arrangements.

capture

Software for Managing Self Insurance

We have developed leading software for managing incidents, claims, underwriting, reporting and payments.

Advice when it matters. Advocacy when it counts.

Case Study

Scenario: In 2019, Gow-Gates provided a leading Australian service company with a review of its risk management and risk transfer arrangements. After considering their goals and arranging actuarial and legal feasibility analysis, Gow-Gates recommended that they adopt a Discretionary Mutual as an alternative structure that allowed the mutual to retain a higher level of risk and distribute the benefits from risk management activities to its Members.

Outcome: The Discretionary Mutual arrangement has been highly successful, resulting in one of Australia’s largest Discretionary Mutuals established for risk transfer.

‍

*Disclaimer: The information contained in this case study is used only for the purpose of illustration. Individual circumstances, insurance and coverage may vary.

FAQs

Clear answers to help you understand our insurance solutions quickly and confidently

What to expect from a Gow-Gates insurance broker?

• Objective and qualified insurance broking and advice;
• Expertise in a range of risks, including emerging risks such as cybercrime;
• Australian owned: a team that knows you and is committed to your success;
• Unparalleled service that negotiates on your behalf, tailors policies, and manages claims;
• Experience and knowledge with the risks and insurance options specific to your industry;
• An annual review to identify gaps and ensure your cover is appropriate and cost effective;
• Access to over 150 insurers, comparisons and advice on a range of options and solutions.

What services do you provide?

We provide a full range of insurance services to assist in keeping you protected. These include insurance broking and placement, claims management, risk management/advice, risk technology, alternative risk transfer, workers compensation, return to work, wealth advice and mortgage broking.

Which insurers do you use?

As an unaligned broker group, we can open the door to a range of insurers. Our consultants work with Australian and international insurance markets to find the right solution for you.

How do I make a claim?

Our specialist claims team are here to support you at every stage of your claim, during what we know can be a difficult time. From preparation to advocating to your insurer on your behalf, we’re on your side. Visit our Claims to get started.

What type of businesses do you look after?

We can take care of a wide range of businesses and individuals. From small businesses to large corporates, government bodies and even sporting associations, we have the expertise to source and place risk cover you can depend on.

Let’s Connect

Thank you for your submission!

Oops! Something went wrong while submitting the form.