General contractors looking over a construction site

The team at One80 offers a captive designed for contractors providing its participants with control of their own risk management programs and insurance. By bringing preferred risks together into a shared alternative risk vehicle, the captive can reduce your long-term cost of risk while protecting your resources and profits. This captive is designed for contractors paying $250k – $750k in their three-line casualty products: workers compensation, general liability and auto liability.

Captive (Construction) Overview

The target classes and typical risks we focus on for this program are:

Including but not limited to:

  • General Contractors
  • Street and Road Construction
  • Excavation
  • Concrete Construction
  • Electrical
  • Masonry
  • Heavy Civil
  • Mechanical
  • Utility
  • Steel Erection

The typical qualities we consider are the following:

  • In business 3+ years
  • Solid financial performance
  • Good loss history (targeting top 25% performers)
  • Privately held or closely held firms
  • Sound risk management practices

The highlighted features of this exclusive program include:

  • Control of your insurance: Greater control of risk management, claim settlements and loss control.
  • Investment income returned to members: Premium paid will be invested with income going back into captive rather than insurance company.
  • Retention of underwriting profit: Underwriting profit is paid out as dividends to members.
  • Stable pricing of insurance: More stable pricing than cyclical market.
  • Direct access to reinsurance markets: Reinsurance can be obtained at a lower cost.
  • Economies of scale: Cost savings or even profits to members.

The available products we have to offer for this program are:

  • Workers Compensation:
    • Part I: Statutory Limits
    • Part II: $1m/$1m/$1m
  • General Liability:
    • Each Occurrence: $1m
    • General Aggregate: $2m
    • Prod/C.O. Aggregate: $2m
  • Auto Liability:
    • Liability: $1m CSL each accident
    • UM/UM: Minimum Statutory
    • PIP/No Fault: Minimum Statutory
  • Auto Physical Damage:
    • Actual Cash Value

* Higher limits may be available based on client needs

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