Our Construction Partners Exchange (CPEx) captive is designed for larger contractors â those that spend $2 million minimum premium in workers compensation, general liability and auto liability and require higher limits. Preferred contractor risks benefit from long-term cost savings because of their favorable risk profiles and protect their resources and profits for each individual insured.
CPEx was founded in 2019 with gross written premiums exceeding $7 million. The owners/shareholders are involved in the important decisions that impact the direction of the captive, including the admission of new members. Innovative Risk Management (IRM) serves as CPExâs Program Manager and provides third-party administration, risk control and marketing services.
The target classes and typical risks we focus on for this program are:
Target Members
- In Business 3+ years
- Solid Financial Performance
- Good Loss History
- Privately held or closely held firms
- Annual Premiums – $2M or greater
Contractor Types*
- General
- Street and Road
- Heavy Civil
- Electrical
- Steel Erection
- Utility
- Mechanical
*Additional classes may be eligible subject to individual underwriting.
The benefits of this program include:
Workers Compensation:
- Part I: Statutory Limits
- Part II: $1m/$1m/$1m
General Liability :
- Each Occurrence: $1m
- General Aggregate: $4m
- Prod/C.O. Aggregate: $4m
Auto Liability:
- Liability: $2m CSL each accident
- UM/UM: Minimum Statutory
- PIP/No Fault: Minimum Statutory
Auto Physical Damage:
- Actual Cash Value
The highlighted features of this exclusive program include:
- CPEx offers workers compensation, general liability, auto liability and auto physical damage coverage to its members.
- CPEx issues guaranteed cost policies that are fully fronted by AM Best âA+ XVâ rated carrier Arch Insurance Company.
The submission requierments of this exclusive program include:
- Minimum Premium: $1 million combined all lines (Workersâ Compensation, General Liability, Auto Liability, and Auto Physical Damage)