Group Captive Insurance
What is group captive insurance?
Group captive insurance for construction contractors connects similar companies under a group insurance policy, which enables them to collectively fund their expected losses, receive investment income and reduce overall expenses through proactive risk management practices and policies. Designed from deep industry knowledge and fortified by specialized risk mitigation expertise and capabilities, companies that unite under Travelers group captive insurance enjoy distinct advantages.
Travelers group captive insurance for workers compensation, commercial auto and general liability is backed by industry-leading risk control and claim services, renowned in the construction market.
Group captive insurance advantages that are uniquely Travelers:
- Participant companies are carefully selected and thoroughly vetted. Inclusion is subject to Travelers’ rigorous underwriting standards for the construction industry.
- Pricing and surplus analysis is led by actuaries who specialize in the construction industry.
- Vetting includes peer and industry comparisons focused on safety efforts and loss performance.
- Participants get easy access to other insurance products through Travelers, including property, contractors’ equipment, contractors pollution liability, contractors professional liability, owners and contractors protective liability, railroad protective liability, umbrella and more.
- No equity stake requirement.
The power of the group
- Share risk across a range of qualified construction companies.
- Learn risk management best practices from motivated peer contractors.
- Receive distributions from unused loss funding and investment income.*
Contact your independent agent for more information.
* Reimbursements are not guaranteed and are dependent on captive performance.
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