BevCap Captive Group has joined BevCap’s sponsored cell captive insurance company domiciled in Hawaii.
Now a part of BevCap Health, BevCap Captive Group, previously domiciled in Nevada, provides its beer distributor members with workers’ compensation, general liability, auto liability and auto physical damage coverage.
BevCap Health, meanwhile, is a self-funded health plan with group risk sharing.
BevCap Captive Group has also added West Side Beer Distributing of Romulous, Michigan, and Double Eagle Distributing of Deerfield Beach, Florida, as new members.
Lance Abbott, president of BevCap Captive Group’s programme manager, BevCap Management LLC in McKinney, Texas, commented: “To the best of my knowledge, the establishment of our second cell in Hawaii makes BevCap Sponsored Captive Insurance Company the first Hawaii captive to have multiple active cells.”
“We are delighted with our partnership with the Hawaii regulatory team and look forward to growing our business with them.”
