Hub International has launched a new hospitality captive that will help hospitality clients and prospects to gain better insight into exposures and risks.
According to Hub, clients will then be able to turn that knowledge into cost savings and rewards allowing them to earn back up to 60 percent of their insurance premium.
The captive includes services for workers’ compensation, general liability, liquor liability, auto liability, auto physical damage, and claims management and advocacy services.
Kevin Eggleston, practice leader of Hub Hospitality Specialty Practice, commented: “Hub's Hospitality captive allows qualified members the ability to turn insurance cost into a future income stream, especially the best-in-class hospitality operators who historically manage their risks well.”
"The captive is for our clients with a solid safety culture who desire greater control in how their claims are handled and want to turn their insurance premium into an investment opportunity."
Evan Muffly, executive vice president of Hub Captives, added: “Hub's group captive was created out of demand from our brokers who had their client's best interests in mind.”
"We've carefully developed our captive services for the hospitality industry, as well as other industries, so that businesses understand their exposures, obtain coverage, manage risk, and gain access to the tools they need to turn their risks into rewards in order to generate significant savings and substantial returns for the captive members."
