Captives.Insure is launching a new group captive insurance program tailored specifically for Amazon Delivery Service Partners (DSPs). This best-in-class solution offers DSPs an opportunity to take control of their insurance program while securing coverage on A XIV AM Best Rated paper.
Captive Retention: Captive will retain the first $500,000, allowing DSPs to retain a significant portion of their risk and potential underwriting profit
Coverage Lines: The group captive program includes essential coverage for DSP operations:
Workers' Compensation
General Liability ($1m/$2m)
Commercial Auto Liability/Auto Physical Damage ($1m CSL)
This comprehensive package addresses the primary insurance requirements set by Amazon for its DSP partners
By participating in this group captive program, Amazon DSPs can expect:
Cost Control: Premiums based on individual loss history and exposures, potentially leading to lower total cost of risk
Profit Potential: Opportunity to recoup underwriting profits
Pricing Stability: Protection against volatile market swings in the traditional insurance market
Risk Management Resources: Access to industry-leading risk control and safety resources
Transparency: Clear understanding of premium determination and expense allocation
To be considered for this group captive program, interested Amazon DSPs should provide:
Currently valued loss runs
At least 5 years of historical data, including:
Premiums
Losses
Exposures
Additionally, we will require insured financials, employee handboks, and safety manuals.
This group captive solution offers Amazon DSPs a strategic approach to insurance, combining financial benefits with enhanced risk management. By joining forces in this program, DSPs can leverage their collective strength to achieve greater control over their insurance costs and potentially turn their insurance program into a profit center. Reach out to C.I. today for additional detail.
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