About BevCap Management
We deliver insurance options that meet your organizational needs.
BevCap Management is a program manager with a focus in alternative risk for businesses. Based in McKinney, Texas and supporting partners around the country, our risk management practices translate to transparency, control, and savings in all aspects of your business: Commercial Auto, Workers’ Compensation, General Liability, Employee Benefits, and many more.
Our philosophy is inspired by the “hedgehog concept” from Jim Collins’ Good to Great—focusing on what we do best, what drives our economic engine, and what we’re deeply passionate about. We build and grow client-focused programs by cultivating a culture of engagement and shared best practices. This purposeful alignment strengthens relationships, enhances performance, and leads to consistently strong financial results. Our commitment is clear: remain focused, stay engaged, and deliver long-term value together.
Best Practices Workshop
Fostering a collaborative space for industry peers to learn and grow
For more than a decade, we’ve gathered captive members and prospective clients together with the goal of guiding the industry on best practices surrounding safety, risk management and employee benefits. This is collaboration at its finest.
insurance FAQs
Making Captive Easy to Understand
We’ve compiled these frequently asked questions to provide clear, straightforward answers and help you understand how our approach delivers tailored risk management solutions with exceptional service.
A captive insurance company is a subsidiary created by a parent company to insure its own risks, offering more control and potential cost savings compared to traditional insurance, which involves third-party insurers. Members can help set underwriting guidelines, have better control of litigation, standardize safety protocols and enforce stronger risk management across members to reduce loss. Essentially, it gives the member organizations a customized approach to traditional insurance.
A group captive is an insurance company jointly owned and controlled by multiple businesses that come together to insure their own risks. Unlike traditional insurance, where premiums are paid to a commercial carrier, group captive members retain certain risks collectively—typically those that are predictable and manageable—while still purchasing protection for large or catastrophic losses. This model allows small- to mid-size companies to access the cost savings and control benefits of captive insurance, which are usually only available to large corporations through single-parent captives. Group captives only insure their member-owners and can be homogeneous (members from the same industry) or heterogeneous (members from various industries).
In a group captive, each member company appoints a representative to participate on the Board of Directors. Third-party service providers such as agents, brokers, or BevCap Management employees are excluded from Board membership, ownership, and voting privileges. The captive establishes committees in areas like loss control, finance, and underwriting to advise the Board. The ultimate authority for decisions lies exclusively with the Board of Directors.
Captive members experience:
- Long-term control over unpredictable insurance pricing
- Potential for reduced costs and return of unused premium and investment income
- Minimum and maximum costs known in advance
- Workers’ Compensation, General Liability, Auto Liability, Auto Physical Damage, Medical
- Responsive and agile service providers
- Enhanced loss control, risk management and claims services
- Buying power and broad distribution of risk
Profits can be retained within the captive for future claims, reinvested, or distributed back to the parent company, depending on its financial strategy and regulatory requirements.
Profits can be retained within the captive for future claims, reinvested, or distributed back to the parent company, depending on its financial strategy and regulatory requirements.
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Ready to Win?
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