Contrary to the traditional approach, our mutual captive provides more than coverage. That's only part of it—enhancing the overall safety program is the whole.
A glimpse at our blueprint
Our program takes a direction traditional insurance has never approached. For contractors, it’s a powerful addition to their business, delivering meaningful improvements in safety, claims control, and profitability. Over time, we’ve expanded our coverage to include primary limits of $2 million. Centurion provides annual guaranteed-cost policies, fully fronted by Arch Insurance Company (A+, XV), and assumes liability for all contractor shareholders within the following lines of business:
Commercial
Automobile
Liability
Issued with a $2 million primary limit
Commercial
General
Liability
Issued with a $2 million primary limit
Worker’s Comp
& Employer’s
Liability
Issued with statutory limits and a $1 million Employer’s Liability limit
The Building Blocks
Contractors participating in the captive will retain the first $125K of a loss, broken down as follows:
20% of a loss up to $125K will be paid shared by all participating contractors in the mutual captive
80% of a loss up to
$125K will be paid directly by the participating contractor incurring the loss
Through this offering, Centurion members have the opportunity to recoup insurance premiums in the historically profitable excess layers and efficiently manage the excess market pricing and coverages.
Leveraging Purchasing Power
Centurion leverages group purchasing power to provide additional coverage beyond the captive structure. Lines of business purchased through this approach include:
Contractors Professional & Pollution Liability
Commercial Umbrella