Food Industry Captive
From bakeries and dairies to food manufacturers and food distributors, this captive requires a combined premium of $500,000 or more that includes Workers’ Compensation, General Liability, Auto Liability and Auto Physical Damage.
The company must have strong commitment to safety and loss control, as well as a desire to take risks.
Business owners: Contact your insurance agent or broker
Insurance agents
Appetite
- Mid to large size companies in the food industry (e.g., bakeries, food manufacturers, food distributors, dairies, etc.)
Geography
- Nationwide
Ineligible risks
- Slaughterhouses
Coverages offered
- Workers' Compensation
- General Liability
- Auto Liability
- Auto Physical Damage
- Currently valued Loss Runs for the past 5 years and current year
- Exposures for past 5 years (Workers’ Compensation: payroll, General Liability: sales, Auto Liability/Auto Physical Damage: vehicle count)
- Financials
- Completed submission form, available upon request for contact
- Workers' Compensation - Statutory
- General Liability - $2 Million
- Auto Liability/Auto Physical Damage - $2 Million
- Minimum combined premiums of $500,000 or more for Workers’ Compensation, General Liability and Auto Liability/Auto Physical Damage
- Strong commitment to safety and loss control
- Desire to take risk
- Financially sound
- Program established in 1991
- Unbundled structure
- Gallagher Basset Claims Administration and Loss Control
- Captive program, domiciled in the Cayman Islands
Participating in risk as an owner-member of a group captive provides distinct advantages for insureds. Most notable is the increased ability to provide enhanced coverage, control losses and smooth the cyclical cost of risk over time. Individual members participate in risk on a proportional basis relative to the total amount of retention retained by the group.