Commercial Contractors' Captive

This Captive program is designed for commercial trade contractors who desire to take risks, are financially sound and have a good loss history. Coverage is available for a variety of contractor types, including street and road, site construction, mechanical, electrical, general contractors (preferably >25% self-perform), water treatment, landscaping, etc. Combined premiums of $250,000 and up for Workers’ Compensation, General Liability, Auto Liability and Auto Physical Damage are required.

industrial equipment loader

Business owners: Contact your insurance agent or broker

Insurance agents

Appetite

  • Commercial trade contractors
  • Street and road
  • Site construction
  • Mechanical
  • Electrical
  • General contractor (preferably greater than 25% self-perform)
  • Water treatment
  • Landscaping

Geography

  • Nationwide with some limitations in states such as California, Florida and New York

Coverages offered

  • Workers' Compensation
  • General Liability
  • Auto Liability
  • Auto Physical Damage

Ineligible risks

  • Contractors that do not perform at least 25% of the work themselves
  • Residential risks
  • Demolition contractors
  • Scaffolding
  • Remediation work
  • Power line construction
  • Swimming pools
  • Airport runways
  • Elevators/escalators
  • USLH/maritime greater than 10%
  • Waterproofing
  • Pile-driving
  • Fire suppression/Fire-proofing
  • Quarries
  • Roofing
  • Steel erections
  • Boiler installations
  • Bridge construction (limited appetite)
  • Insureds must pass loss-control assessments
  • Currently valued loss runs for past five years and current year
  • Exposures for past five years (Workers' Compensation: Payroll General Liability: Field Payroll Auto Liability/Physical Damage: vehicle count)
  • Two-year current financial statements
  • Completed submission form, available upon request for contact
  • Contractors questionnaire
  • Workers' Compensation - statutory
  • General Liability - $1 Million
  • Auto Liability/Auto Physical Damage - $1 Million
  • 30% historic loss ratio
  • Historical average net cost of insurance is over 30% less than pay-in premium
  • Premiums based on insured's own experience
  • Captive program, domiciled in the Cayman Islands
  • Combined premiums of $250,000 and more for Workers' Compensation, General Liability, and Auto Liability/Auto Physical Damage
  • Strong commitment to safety and loss control (designated safety director preferable)
  • Desire to take risks
  • Financially sound
  • Good loss history