Businessmen

PORC INSURANCE

THE MIDDLE MARKET SOLUTION

 

PORC STRUCTURE

A PORC is an insurance company that re-insures the risks of its owner, affiliated businesses, or a group of companies.
 

MOTIVATING FACTORS

THE PURPOSES OF FORMING A PORC INCLUDE:

 

WORKERS' COMPENSATION

A business with large workers' compensation or general liability deductable can use a captivate establish a self-insured retention (SIR) layer for that risk,  immediately recognizing a tax benefit. The premiums paid to the large insurance carrier are reduced because the deductible is collateralized.

 


EMPLOYEE BENEFITS

PORC's can re-insure employee benefits such as health insurance, executive retirement programs, group term life and long-term disability, achieving substantial cost reductions to the business.

 
 

WARRANTY

PORC's can re-insure the product or service warranty risks of the business or association.

 

Marble Surface

MOTIVATING FACTORS

THE PURPOSES OF FORMING A PORC INCLUDE:
 
Glass Buildings

Risk

Management

Solutions

Specialized Coverage

Specialized coverage, such as business interruption insurance or comprehensive directors and officers coverage, can be obtained at reasonable and consistent rates.

Creditors & Finance

Creditors and Finance organizations can underwrite creditor/insured coverage such as:

  • Collateral Protection

  • Vender single interest

  • Other credit risks and additional self-insured risk.

Construction

PORC's can re-insure expensive construction defects, mold, and other construction-related general liability risks, thereby improving cash flow and profitability of the developer.

Medical Malpractice

Hospitals and physician groups can self insure all or part of medical malpractice risks, obtaining underwriting profit, and achieving better loss and claims control.

Property Coverage

Large property holders can use a PORC to re-insure completed coverage or differing layers of property coverage, thereby reducing overall insurance costs.

Non-Traditional Lines

PORC's can re-insure non-traditional insurance coverages, including:  equipment maintenance warranty, credit life and disability, employment practices, credit risk, post-retirement medical benefits, private mortgage insurance, extended-service warranty, voluntary employee benefits such as supplemental life, pollution liability, and medical stop-loss.

 

CONTACT

REINSURANCE SPECIALTIES

OUR ADDRESS

4334 NW Expressway, OKC, OK 73122

Email: info@resinsurancespecialties.com
Tel:  405.880.1949

 

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