A risk retention group (RRG) is a captive that is restricted to liability-only coverage, which may have either state or federal charters. A federal charter allows the RRG to write liability coverage across multiple states, without having to be licensed in each state individually.
RRG’s significantly reduce the costs and work required to cover liabilities across state boundaries. In addition, they provide the following benefits:
Learn more about how organizations become licensed and authorized to underwrite their own liabilities throughout the country.
Contact INGUARD to determine if an RRG captive is right for your business’ liability insurance.
INGUARD’s team of insurance and risk management experts helps businesses uncover opportunities available through captive insurance. Learn how to take advantage of liability coverage across the U.S. through establishment of a risk retention group captive.
As our client, you will receive expert advice and services through in-depth, personal consultations designed to uncover exposures, as well as alternative insurance and risk management options.
Contact our team to determine if a captive is right for your business.