Captive Client Case Study | Preferred Cartage
November 10, 2021
Established in 1992, Preferred Cartage derived from a traditional shipping company, and today, proudly continue to supply their customers with a unique array of transportation services. Prior to joining the Cottingham & Butler Captive, Preferred Cartage was insured with Cottingham & Butler through means of traditional coverages.
As third-generation business owners, Jarrett and Brett McGraw understood risk. The brothers knew times were changing and wanted to protect their 27-year-old family business from the pain of rising costs and take back control of their insurance program.
Despite the company’s good safety history, the volatility of the traditional insurance market was simply too unpredictable. They knew there were tools and resources out there that could help protect their company against these risks but did not have access to those within the traditional insurance market.
On the recommendation of their trusted advisor, Cottingham & Butler, the McGraw’s quickly came to learn how joining a captive would be the best-fit and right move for their business.
“The captive program peeked their interest because of the great loss they previously experienced. After that loss, they never took their eyes off Safety, and Control of risk. When the 2016 renewal period came around, we knew that the culture and company was the right fit for the Cottingham & Butler group captive.” Larry Nedder, Sales Executive, Cottingham & Butler.
Preferred Cartage joined a Cottingham & Butler group captive in 2017. Since joining the captive, the company has experienced greater program stability, reinforced their culture of safety and performance, and has developed strong, supportive peer relationships.
“Cottingham & Butler had a complete understanding of what a business of our size needed, and showed us how the captive made sense for our business. Joining a group captive has been one of the best business decisions we have ever made. We continue to learn new ways to strengthen our overall business.
If you are dedicated to lowering insurance costs, improving safety and increasing bottom lines. The Cottingham & Butler Captive is a good fit for your company.” – Jarrett McGraw, President, Preferred Cartage”
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