Energy
Offered by eMaxx Assurance Group of Companies, Inc.
Transportation Energy Agriculture Construction Captive Renewable Utilities Fuel DistributionDescription
· The program is intended for organizations that assume a defined portion of risk, actively participate in program governance, and comply with established loss prevention and risk management protocols
· Insurance policies are issued by licensed primary insurers, with a defined portion of risk retained through the Captive structure and additional protection provided through reinsurance
· Participation in the eCaptiv program results in each Member also becoming a Subscriber of the Reciprocal Insurance Exchange (Reciprocal)
· The Reciprocal Insurance Exchange is a commercial insurer and reinsurer owned by its policyholder Subscribers
· Day-to-day operations of the Reciprocal are administered by an independent Attorney-in-Fact (AIF) pursuant to delegated authority, with oversight provided by a Subscribers Advisory Committee, subject to the Subscribers’ Agreement
· Under the risk and reinsurance structure, the primary insurer cedes risk to the Reciprocal, net of its retained layer
· The Reciprocal retrocedes ground-up losses to the Captive, including applicable protected cells, up to the per-occurrence retention
· Losses in excess of the Captive retention are ceded to the Excess of Loss (XOL) reinsurance market, net of any Reciprocal retention
· The XOL program is swing-rated, with Members charged a provisional rate upfront, and Members with adverse loss experience may be subject to assessment, as permitted under applicable governing agreements
· Members participate in program governance through representation on governing committees and are contractually obligated to comply with program Terms and Conditions, premium and other payment obligations, and loss prevention protocols
· Access to claims and litigation management protocols, including early intervention strategies and ongoing account oversight
· Required participation in the Mongoose RM™ Risk Management Program, establishing standardized loss prevention and compliance protocols with consultation and review along with targeted industry specific training
· Required implementation and maintenance of risk management technology,
· Access to technology platforms, including eLive Connect, Telematics Exchange, and the Member Portal
· Programs may include tailored coverage structures for:
- Commercial Automobile
- Workers Compensation
- General Liability
- Excess Liability
· Collateral is required for each policy term and may include cash, letters of credit, or approved off-balance-sheet collateral alternatives, subject to program terms
· Each Member and Subscriber must execute applicable agreements, including the eCaptiv Membership Agreement, Reciprocal Subscriber Agreement, and the Limited Guaranty Agreement
Listing Contact
Richard Metivier Senior Vice President, Distribution
Offered By
Availability 50 states + DC
Covered
Not Covered
