Elite Partners Insurance Captive (EPIC) is a heterogeneous insurance captive designed to provide its participants with control over their own risk management programs and insurance. Because membership in EPIC is not limited to a single industry, risk is diffused across a broader base, insulating the group from financial risk that can befall captives that are limited to an industry type.
A commitment to safety and sound risk management practices is required in EPIC. The goal is to reduce the insuredsâ long-term cost of risk while protecting their resources, and most importantly, their profits.
EPIC operates at expense factors below those available in the traditional marketplace, thus providing cost savings and even profit potential to participants. EPIC is accessible through qualified independent insurance brokers. IRM coordinates services with the clientâs broker to ensure a customized solution that directly addresses the risks inherent in the clientâs business.
The target classes and typical risks we focus on for this program are:
Target Members
- In Business 3+ years
- Low severity losses
- Effective risk management practices
- Financially sound
- Established safety program
- Annual premium between $250K – $3M
Eligible Risks*
- Distributors
- Light Manufacturing (Low Hazard)
- Biotech
- High-Tech
- Retail Chains
- Grocery Stores
- Bottlers and Beverage Distributors
- Telecommunications
- Warehouse & Storage
- Restaurant & Fast-Food Chains
- Food Processors
- Printing, Graphics, and Publishing
*Additional classes may be eligible subject to individual underwriting.
Ineligible Risks
- Temp Firms
- Hazard Group IV Workers Comp
- Construction
- Public Entities
- Hospitals, Nursing Homes, Hospice Care, and VA Centers
The benefits of this program include:
Workers Compensation:
- Part I: Statutory Limits
- Part II: $1m/$1m/$1m
General Liability:
- General Aggregate: $2m
- Each Occurrence: $1m
- 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
The highlighted features of this exclusive program include:
- EPIC offers workers compensation, general liability, and auto liability coverage to its members.
- EPIC issues guaranteed cost policies that are fully fronted by AM âA+ XVâ rated carrier Great American Insurance Company.
The submission requierments of this exclusive program include:
- Minimum Premium: $250,000 combined all lines (Workersâ Compensation, General Liability, Auto Liability, and Auto Physical Damage)