No matter the setting, tree care management involves risk and often results in expensive or limited coverage options. Some organizations don’t even have access to coverage, while others are paying a steep price for the minimal coverage they do have.
For some tree care management specialists, one solution is a specialized group captive insurance program.
In a traditional insurance model, organizations with few claims wind up subsidizing those with many claims. With a captive, however, premiums are based on the risk associated with the participating organizations, not the entire industry. So when a select group of safety conscious tree care experts form a captive, they pay significantly less for insurance coverage but still have appropriate protection against risk.
The Ascend Captive is the first ever, member-owned group captive program designed specifically for the vegetation management and tree care industry, exclusive to HUB Arbor Insurance Group. This new facility is the brainchild of Mark Shipp which uniquely caters to best-in-class vegetation management and tree care companies who have excellent safety measures and are tired of the inefficiencies of the standard market that create:
- Inherent pricing swings regardless of a company’s risk management practices
- Pricing reactivity in the event of a catastrophic loss
- Above average companies within the industry subsidizing poorer performing companies through class rating
In addition, the Ascend Captive provides unique resources that are specifically directed toward the vegetation management and tree care industry. These resources are focused around delivering results that will ultimately reduce the ultimate cost of insurance for vegetation management and tree care professionals and give them an advantage over their competitors.
Our team of specialized tree care industry insurance specialists will work closely with you to determine if the Ascend Captive is the right solution for your organization’s needs and exposures.