EnviroCap

How EnviroCap Works

For many businesses, loss claim frequencies tied to environmental issues can be quite low, but the costs for traditional insurance can be astronomical, particularly depending on one’s industry.

EnviroCap Environmental Captive Insurance Program from CIC Services

EnviroCap Program

EnviroCap allows insured businesses to reinsure their commercial insurance premiums to a captive insurance company their own and retain up to 60% of their premiums and risk.

Turn Risk Management Into a Profit Center

With the EnviroCap environmental captive insurance offering, business owners and executive teams can hold their own legally compliant insurance company with coverages via an AM Best A Rated carrier, tailored to their own unique business needs and risk profiles–all while, cutting up to 60% from traditional insurance costs, enjoying additional tax benefits, and building a more valuable asset in service to the company’s bottom line. Envirocap: environmental insurance that pays you back.

When your company insures itself through its own insurance company, referred to as captive insurance, you get to keep the profit and accumulate loss revenues for the future. EnviroCap can help lower your net insurance premium spend. Here’s how:

EnviroCap Program

EnviroCap allows insured businesses to reinsure their commercial insurance premiums to a captive insurance company their own and retain up to 60% of their premiums and risk.

Anatomy of EnviroCap

Insurance

Captive insurance is often less expensive than commercial insurance. Captives are licenses insurance companies and have access to reinsurance markets (wholesale).

And, you own the insurance company, so the premiums are paid to you–you keep the profit after claims are paid out.

For example, if your insurance company receives $750,000 in premiums, pays $50,000 in operations, pays $50,000 in claims and pays $200,000 for reinsurance and fronting, then you have $450,000 in profit.