Meet Brant Knox
Brant has over 35 years of
business experience, ten of which
have been in the reinsurance
field. With a strong background
in accounting, sales, customer
service and F&I, Brant understands
the needs of the dealer. After all, he’s
set up some 20 reinsurance
companies that serve 35 dealerships.
Administrative services
provided by DB&K and
SideCars Inc.:
• Formation of the
Reinsurance Company • Quarterly Cession Reports • Annual Renewal of Company • Annual Tax Planning Meeting • Tax Returns • Financial Statement • Books and Records • Claims Administration • Underwriting • Insurance
• State Approval and Updates
• Products
- Vehicle Service Contracts
- Limited Warranties
- Collateral Protection
• Training and Education
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It’s easy to develop and manage your own auto reinsurance company
If your Dealership offers Vehicle Service Contracts, Limited Warranty's, and/or Collateral
Protection, you can profit from a Reinsurance Company. Franchise Dealers, Independents,
and Buy Here Pay Here Dealers across the country are currently earning profits not available
without a Reinsurance Company. Underwriting Profit, Investment Income, and Tax Advantages
are the cornerstone to added wealth.
Don’t be afraid of the risks of forming your own auto dealership reinsurance company
DB&K is highly experienced in working hand-in-hand with auto dealers, helping to create a
program, set-up the corporation, administer the claims and help with accounting services
and tax returns. Your dealership can hang on to additional extended warranty profits
without having the burden of additional liability or extra paperwork.
There are significant benefits for auto dealers that own their own insurance company
The obvious advantage of ownership of a reinsurance company is the opportunity to realize a greater share of the profits from the vehicle service contract business they produce. There are three distinct areas from which these increased profits generally arise: Underwriting Profit, Investment Income, and Taxation.
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The idea of owning your
own auto reinsurance
company is not a fad
It is a natural response to changing
market conditions. The number of
companies forming or considering
forming producer owned reinsurance
companies has grown significantly in
the past several years.
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An example of how your reinsurance company profits
The average Dealer Cost of a Service Contract is $650. Without a Reinsurance Company this is an expense to the Dealer. With a Reinsurance Company, approximately $500 of the premium is ceded to Your Reinsurance Company. Claims cost average 50%, leaving your Reinsurance Company an Underwriting Profit of approximately $250. In addition to the Underwriting Profit, there is Investment Income and Tax Savings.
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YES! I want to know
more about setting
up my own auto
reinsurance company.
Products and Administrative
Services provided by DB&K and
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