NEW AFFORDABLE COVERAGE FOR EXCESS LIABILITY.

ARE YOU PAYING MORE THAN $500,000 OR MORE FOR EXCESS?
NOW YOU CAN EARN UP TO 45% RETURN PREMIUM AND AVOID A RATE INCREASE THIS YEAR.

A Specialty Captive Solution is a private insurance solution designed to provide customizable coverage options for unique or difficult exposures that you, as a business owner, face. This type of captive can provide competitive and affordable alternative coverage to the commercial insurance market. Designed to Address Difficult Insurance Challenges The Altamont Insurance Group and their captive insurance partners have developed game-changing risk management programs which can be tailored to meet your specific needs. Our low-frequency, high-severity policies provide considerable design flexibility, offering potential solutions for an extremely wide variety of hard market challenges, including the following:

•Increase in commercial premiums – are renewal prices significantly greater than last year? Do you believe that your loss history warrants more favorable renewal pricing?
•Increase in deductible limits – is the existing commercial carrier requiring you to significantly increase the deductible on your policies? Are self-insured retention layers increasing to unreasonable levels?
•Introduction of new policy exclusions – is renewal coverage contingent upon acceptance of coverage exclusion for exposures previously covered?
•Imposition of sub-limit caps – are renewal policies presenting coverage limitations that are more stringent than prior coverage?
•Carrier non-renewal – are you facing non-renewal of coverage? Are excess layers unavailable or subject to significant premium increases?
•Need more customizable coverages – are you in need of additional unique coverages like loss of a key customer, loss of key supplier, legislative/regulatory changes, or business interruption?

Your Captive Insurance program can provide protection against risks that prove to be too costly in commercial markets, maybe generally unavailable, or are unable to be customized to specialized types of coverage.

Program Highlights-

Clients participating in a Captive Specialty Solution can expect:

•Highly competitive rates
•Concierge level of service
•Flexible and customized solutions
•Streamlined and efficient eligibility processing
•Eligibility to enjoy underwriting profits that result from the program

UNDERWRITING INFORMATION
One benefit of a captive over traditional insurance is that if funds are not needed to pay claims, then those funds are considered underwriting profit, which can be distributed to the captive owner.
The two types of claims considered are the claims of the insured and the claims of the other insureds in the reinsurance risk pool. In this structure, the underwriting profits are estimated to be up to 45% of the total annual premium, depending on the actual claims experience.
Because of the potential tail for liability claims, the underwriting profits will be calculated 3 years after each policy expires. After claims reserves are factored in, the balance of the surplus could be taken as a dividend. If those reserves are ultimately not needed for the claims, those reserves would also be available for dividends. The Captive Specialty Solution reserves the right to determine the amount of available surplus and timing for distribution, and all distributions are subject to regulatory approval.

Altamont New Truck Programs

NEW PROGRAMS:

• Effective 7‐15: Truck Liability, General Liability, Workers Compensation, and Excess Liability. “A” rated markets…25 + units. Can do the AL, GL standalone, or the WC standalone.
• This is new effective 7‐1 and well suited for transportation companies (private and public fleets) with 300 or more power units.

KEY HIGHLIGHTS

• AVAILABLE IN MOST STATES
• LIMITS ‐ $1,000,000 OR HIGHER
• STRUCTURE – DEDUCTIBLES FROM $50,000
• CARRIER – A.M.BEST RATING OF “A” XII

CONTINUING PROGRAM FOR MID‐SIZE FLEETS

• FLEET SIZE: 50‐300 units
• STRUCTURE: Guaranteed cost
• A.M BEST RATING OF “A” Xll

NEW PROGRAM FOR SMALL FLEETS

• Fleet size – 1‐25 units
• Fleet size – 25‐50 units
• Available in 48 states

NEW EXCESS CAPTIVE LIABILITY PROGRAM

• UP TO 45% RETURN PREMIUM
• LIMITS: Up to $10 million excess of primary or excess of $5 million.

ALSO AVAILABLE – CARGO – any size fleet – multiple deductibles available PHYSICAL DAMAGE – standalone – any size – multiple deductible and profit-sharing.

SMALL TRUCK PROGRAM

Available states:

AL, AR, AZ, CA, CO, GA, IL, IN, KS, KY, LA, MO, MS, NJ, NM, NV, NC, OR, PA, TN, TX,
UT, VA, WA, WV

Eligible Risks:

• Long Haul, Owner Operators, For Hire.
• New Ventures in business 0 – 24 months.
• Accounts with up to 5 power units.
• Drivers must have a minimum of 2 full years prior to Class A CDL.
• Minimum driver age 23-65, (66-70 submit).
• Reefer Goods, Dry Van, Flatbed Freight, Intermodal.
• Vehicle age 15 years and newer (vehicles 16-20 years – refer).

Ineligible/Prohibited Risks:

• Auto Haulers – New, Used, and/or Scrap.
• Hot Shot Operations (including Pick-Up Trucks).
• Household Goods Mover, Mobile Home Transporters.
• Livestock Haulers.
• Construction Debris, Trash Haulers.
• Sand/Gravel, Ready Mix, Frac Sand, Hay, Logs, Pulpwood.
• Hazardous Material Haulers.
• Oversize/Overweight loads requiring Escorts.
• Wreckers, Towing Operations including Repossession.

Altamont specializes in offering products that solve the more challenging placement issues. We do hard to place risks.

Coverage can consist of the following:

• Commercial Auto Liability
• Stand‐alone Hired and Non‐owned
• Physical Damage
• Garage Keepers Liability
• Large Deductible Programs Available

TARGETED CLASSES

• AMBULANCES
• RETIREMENT HOMES & SENIOR CENTERS
• HOSPITAL & HEALTH FACILITIES
• DRIVING SCHOOLS
• SECURITIES GUARDS
• FUNERAL OPERATORS
• LARGE SALES FLEETS
• LANDSCAPERS
• FARMING AND AGRICULTURE RISKS
• CONTRACTORS
• COURIERS
• BOX TRUCKS

UNDESIRABLE CLASSES

• TAXIS
• BUSSES/PUBLIC LIVERY
• UBER/LYFTEXPOSURES
• TRUCKING FOR HIRE
• DUMP TRUCKS
• READY-MIX &SAND AND GRAVEL
• TOWING
• WASTE HAULERS