Coverage 10 of 12
Alternate Risk Programs
When your losses are better than the market's, stop paying the market's price.
Once a fleet reaches roughly 25 or more power units with a controlled loss history, the standard market stops rewarding good performance. Alternative risk programs let you keep the underwriting profit: a group captive, a risk retention group, or a large-deductible plan where you fund the predictable layer and buy insurance only for the catastrophic one.
These programs demand real safety discipline and multi-year commitment. We help you decide whether you qualify, model the cash flow, and place you with the right program partner.
Who needs it
- Fleets of 25+ units with three or more years of clean loss runs
- Carriers whose premiums are rising despite good performance
- Owners who want to build equity in their own insurance results
What it covers
Inside the policy
Group captives
Share a captive with other well-run fleets; earn back underwriting profit and investment income.
Risk retention groups
Member-owned liability insurers for trucking.
Large deductible
Carry a $100,000 to $500,000 deductible per claim in exchange for a much lower premium.
Retrospective rating
Premium adjusted after the policy year based on actual losses.
FAQ
Alternate Risk Programs: common questions
Is a captive right for a 10-truck fleet?
Usually not yet. Below roughly 25 units the fixed costs outweigh the benefit; we would focus on safety programs and the standard market until the fleet grows.
What collateral is required?
Captives and large-deductible programs require collateral, often a letter of credit, sized to expected losses. We model it before you commit.
Related coverage
Usually written alongside
Quote alternate risk programs with the rest of your policy.
Send us the basics. A licensed agent shops the carriers that want your class and calls you with actual numbers, ready to bind. Most quotes come back within 24 hours; many are completed and back in your hands within one to two hours on the same business day.