{"id":11194,"date":"2025-07-07T15:10:32","date_gmt":"2025-07-07T19:10:32","guid":{"rendered":"https:\/\/www.parrishandgwinn.com\/?page_id=11194"},"modified":"2025-07-18T10:49:20","modified_gmt":"2025-07-18T14:49:20","slug":"client-success-stories","status":"publish","type":"page","link":"https:\/\/www.parrishandgwinn.com\/?page_id=11194","title":{"rendered":"Client Success Stories"},"content":{"rendered":"\t\t
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PARRISH & GWINN INSURANCE<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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CLIENT SUCCESS STORIES<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\u00a0The number of success stories match the number of clients we have currently insured.\u00a0 The great thing about Parrish & Gwinn is, we only write accounts by placing them in their own captive.\u00a0 Therefore, we have documented proof on how great this can be for your organization.\u00a0 This is not something we think would work for you, or, we have seen it work for others; we know it will work, and we can prove it to you over and over again.\u00a0 We can then back that up by providing you with referrals to call our clients directly so you can ask them specific questions. \u00a0\u00a0I have listed a few common success stories that are exactly what our clients have experienced.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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A contractor came to me in 2010 with a premium of $400,000.\u00a0 I reviewed his loss experience and came back with a captive offer that had better coverage for a premium of $125,000.\u00a0 The client had very few losses, our programs are rated on loss experience, not rate by state, by code.\u00a0 Of the $125,000 in premium, he was able to receive dividends and interest income on the premiums he paid in. This has amounted to a substantial sum of money each and every year.\u00a0 Now, this contractor has quadrupled in size from a sales, auto count, and payroll standpoint, and his premium is $150,000.\u00a0 Most importantly, he hasn\u2019t even thought about insurance since 2010.\u00a0 It\u2019s a permanent solution that is consistent.\u00a0<\/p>

A very well-known bakery began their captive in 2011 and since then, their revenues and employees have grown substantially.\u00a0 Their premiums on the other hand have decreased by 40% and they receive dividends on that premium of 60% each year.\u00a0 Another example of the tremendous savings that exists with owning a share of a captive insurance company.<\/p>

A metal fabricator recently sold his company to a venture capitalist and retained the ownership of the captive share of stock.\u00a0 As a reward for owning a captive, he now will receive $750,000 in the next 5 years as his captive share pays out the dividends and interest income. \u00a0If he was not in the captive, he would not have those dollars he spent on his insurance.\u00a0<\/p>

A contractor that joined in 2005 (paying $400,000 in the traditional market) pays $176,000 in premiums today with extremely broad coverage.\u00a0 \u00a0Sales for the organization went from $15,000,000 to $120,000,000.\u00a0 If this contractor were to seek insurance in the standard market today, it would cost well over $1,200,000.\u00a0 This contractor has a SIGNIFICANT advantage over his competitors.<\/p>

A large, self-insured client (trucking operation) joined a captive and saved millions in collateral.\u00a0 The group captive structure has a very efficient way of funding for collateral, so those dollars are not stacked for many years.\u00a0 They also saved a substantial amount of premium, earned tremendous dividends and interest income, and have solid predictable insurance for years to come.<\/p>

Prequalification: Minimum Captive Premium Combined for WC, GL, Auto: $125,000 Minimum: $10M Sales and $3M Payroll Minimum Employee Counts for Captive Health Plans: 50 covered employees Favorable loss history<\/p>

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CLIENT TESTIMONIALS<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Real stories, real trust hear from our satisfied clients <\/span><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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We take pride in the trust our clients place in us. Through real-life stories and testimonials, hear how our comprehensive insurance solutions have made a positive impact on their lives. From smooth claims processes to personalized service, our satisfied clients share how we’ve helped them protect what matters most.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\u201cWhile hesitant initially, partnering with Captive Resources and Parrish and Gwinn was one of the best business decisions we have ever made. Parrish & Gwinn does an excellent job servicing our insurance program and they are an expert in the captive market which is of utmost importance. Many brokers say they can provide captives but have little expertise. Parrish & Gwinn is an exclusive captive broker and has been for over 20 years, they do it right. Our premiums are exponentially lower than the conventional market, and we receive dividend returns consistently year after year to acknowledge a lack of losses. Unforeseen benefits include attending meetings in wonderful venues worldwide with GC peers from all over the United States. Finally, and most importantly, Captive Resources is actively involved in our safety program and helps to make us better. In my opinion, it is not a decision of whether or not our captive is good enough for a GC; it is whether or not the GC is good enough for our captive. Captive Resources does a fantastic job of vetting prospective members, which shows in the limited losses by our members. The Captive was everything and much more than Parrish & Gwinn promised it would be.\u201d\n<\/p><\/div>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\tGreg Hughes<\/strong>\n\t\t\t\t\t\t\t\t\t\tContract Construction, Inc<\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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\"I would like to take a moment to personally thank Parrish and Gwinn (and you \u2013 Mark Parrish) for getting Coating Systems Inc. (CSI) enrolled in Evolution, a Captive Insurance Program. \nCSI has been involved with Evolution and Parrish and Gwinn since 2010. Switching from a traditional insurance to a captive was a game-changer for CSI, we owe much of that success to your expertise and guidance. You opened our eyes to a smarter way of handling our insurance. \nSince joining the captive program you recommended, we have seen the benefits expand. Our premiums are predictable, our WC rates provide a competitive advantage, our equity is growing, and we receive annual rebates \u2013 for safety performance ! I can\u2019t recommend you, and the Parrish and Gwinn team highly enough for anyone looking to take control of their insurance future!\"\n<\/p><\/div>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\tMike McMahon<\/strong>\n\t\t\t\t\t\t\t\t\t\tCoating Systems, Inc.<\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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\u201c For many years our interest in the Captive products were high, but were constantly being told our premiums were to low, by our traditional insurance carriers, to be considered a candidate for the Captives. In 2012, Mark Parrish with Parrish & Gwinn (P&G) introduced his company to us and really educated us on the Captive products and process. We developed an RFP for our risk management portfolio and included P&G in the process. P&G gave us that opportunity to manage our risk, premiums and safety culture with other like minded industry partners when we joined the GCI Captive in 2013. Thank you Mark and to the entire P&G TEAM for the introduction and being an integral partner in our firm\u2019s risk management decisions for the past 13 years! GREAT DECISION!\"<\/p><\/div>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\tScott Clark<\/strong>\n\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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\"Working with Parrish & Gwinn for our Captive Insurance Group Coinsurance coverage has been a game-changer for Sun Commercial Roofs. Their expertise in structuring coverage for workman's comp, auto, and general liability has provided us with cost-effective solutions tailored to our needs. Their team is responsive, knowledgeable, and truly understands the complexities of risk management in our industry. The support and guidance we've received have been invaluable in protecting our business and employees. We highly recommend their services to any company looking for a smarter approach to insurance.\"<\/p><\/div>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\tRichard Bass<\/strong>\n\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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\"We've had a fantastic experience working with Mark for our general liability and auto insurance needs. As a mid-sized general contractor, we were looking for better coverage at a competitive price, and they introduced us to a captive insurance program that has been a game-changer. Their team took the time to explain the benefits, helped us navigate the process, and ultimately saved us a significant amount on our premiums. They are knowledgeable, responsive, and truly have our best interests in mind. We highly recommend them to any business looking for smarter, more cost-effective insurance solutions!\"<\/p><\/div>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\tKen Anderson<\/strong>\n\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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\"Being a part of a Captive has definitely been good for Southern States. We have the peace of mind one has when they have good insurance, while having high confidence the costs are well below general insurance premiums. Parrish & Gwin is an expert in Captives and help us understand all the details and get the most out of our membership. We also feel very important and well served by them, especially when they are quick to respond and shop all of our insurance products every year for the best value.\"<\/p><\/div>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\tJeff Howe<\/strong>\n\t\t\t\t\t\t\t\t\t\tSouthern States, LLC<\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t
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PARRISH & GWINN INSURANCE CLIENT SUCCESS STORIES \u00a0The number […]<\/p>\n","protected":false},"author":11,"featured_media":11171,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-11194","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.parrishandgwinn.com\/index.php?rest_route=\/wp\/v2\/pages\/11194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.parrishandgwinn.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.parrishandgwinn.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.parrishandgwinn.com\/index.php?rest_route=\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.parrishandgwinn.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11194"}],"version-history":[{"count":28,"href":"https:\/\/www.parrishandgwinn.com\/index.php?rest_route=\/wp\/v2\/pages\/11194\/revisions"}],"predecessor-version":[{"id":11288,"href":"https:\/\/www.parrishandgwinn.com\/index.php?rest_route=\/wp\/v2\/pages\/11194\/revisions\/11288"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.parrishandgwinn.com\/index.php?rest_route=\/wp\/v2\/media\/11171"}],"wp:attachment":[{"href":"https:\/\/www.parrishandgwinn.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}