Casualty Group Captive Program Reduces Workers Comp Premiums
February 26, 2013 | Sandra Springer
Tags: captive resources, Group Captives, Summit Insurance Ltd, Workers Compensation
Two mid-market employers that participate in a casualty insurance group captive say the program has helped them reduce their workers compensation premiums and improve safety at their companies. Grand Rapids, Mich.-based Lumbermen’s Inc., a building material distributor, and Chicago-based Rapid Displays Inc., a designer and maker of point-of-purchase displays, both belong to Summit Insurance Ltd. The captive, which covers workers comp, auto liability and general liability, includes 82 members of various industries and is advised by Schaumburg, Ill.-based Captive.