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Quality contractors working together in an alternative-risk environment to achieve excellence in safety

AGCR:

The Construction Captive Solution

Assurex Global Construction Risks (AGCR), established in 2004, is a captive insurance solution designed to provide participants with control over their insurance costs through their own risk management and safety programs. AGCR brings quality contractors together into a shared alternative-risk environment, providing the benefit of long-term cost savings while protecting resources and profits for each individual insured.

AGCR offers Workers Compensation, General Liability, Auto Liability and Physical Damage coverages. AGCR issues guaranteed cost policies that are fully fronted by Arch Insurance Company, an AM Best “A+ XV” rated insurer.

Benefits of the Alternative Risk Market

Captives continue to be a growing space in the insurance market for several reasons:

AGCR:
A Family of Contractors

AGCR is owned and controlled by its shareholders who are behind critical strategic decisions that steer the direction of the captive, including the admission of new members. Each contractor feels a duty of responsibility to everyone within the group, which is reflected in the positive performance of the captive.

Program Management & Distribution

Innovative Risk Management (IRM) serves as AGCR’s Program Manager and provides third-party administration, underwriting, risk control and marketing services. IRM is a boutique firm specializing in captive insurance solutions and specialty programs to help businesses meet the challenges and risks they face today.

In partnering with an Assurex Global broker and IRM, members get the personal attention of a local broker and the expertise of an alternative funding innovator, creating a long-term risk management strategy unique to their business.

AGCR is primarily distributed through brokers who are members of the Assurex Global Network. Founded in 1954 and with $30 billion in annual premium volume and more than 600 Partner offices, Assurex Global is the world’s largest privately held commercial insurance, risk management, and employee benefits brokerage group.