Vanliner Insurance Company has formed Move-CAP, a new captive insurance programme for best-in-class moving and storage companies.
Vanliner Insurance is a full-service property and casualty insurer for the moving and storage industry.
Move-CAP is Vanliner’s third group captive programme designed exclusively for premier moving and storage operations.
Over the past two and a half years, Vanliner has grown its ART business to include three group captives representing over 50 members.
The programme brings moving and storage agents together to form their own insurance programme to achieve more predictable insurance premiums throughout various market cycles and economic conditions.
Wes Stewart, president of Stewart Moving Company and a member of Move-CAP explained that his firm joined the group captive programme to have more control over its insurance premiums and coverages.
Ray Wise, president of Vanliner, said: “It is exciting to add Move-CAP, the first group captive programme open to all moving and storage companies, to our growing alternative risk transfer portfolio.”
“The programme was designed to provide a more cost-effective risk management solution for safety conscious moving companies, regardless of their van line affiliation.”
