Energi offers group captive option

Photo courtesy of Energi Insurance Services

Energi launched its second group captive for the energy industry. The Vermont-domiciled eCaptiv PC2-IC captive program is geared toward energy companies with less than $250,000 in primary casualty premiums. Energi’s two group captive programs now have over 40 members and over $18 million in gross written premiums, the company says. The PC1-IC and PC2-IC programs are for energy companies within fuel distribution, energy transportation, energy construction, renewable energy, agricultural cooperative and utilities segments. The programs offer up to $5 million in limits for general liability and commercial automobile and statutory limits for workers’ compensation. All members have adopted risk management technology programs such as dash cameras, telematics and online training that are key elements in combating nuclear punitive damage judgments and commercial auto trends, Energi adds.

*Featured image: Energi Insurance Services