Company History
National Contractors Insurance Ltd. was created from the need of businesses to obtain insurance coverage at a more affordable cost. The founding members of National Contractors Insurance Ltd. perceived that the commercial insurance industry was not responsive to this basic business necessity.
National Contractors Insurance Ltd. was formed in 1992. With the assistance of Captive Resources, LLC, an independent captive consultant, the original members of National Contractors Insurance Ltd. sought to create a more customized, affordable insurance alternative. In forming National Contractors Insurance Ltd., the goal of these business owners was to increase buying power and allow member companies many of the same advantages of control generally afforded to only the largest companies.
The mission of National Contractors Insurance Ltd. is to provide the highest quality insurance protection for its non-related shareholders. By joining together to create a true sharing of risk, the shareholders can control their insurance costs and avoid the volatility of the general insurance industry. Additional benefits are created through stabilization of premiums and the improved management of risk through effective loss control.
The Company, through the active participation of its shareholders, provides the long-term security of a well-managed insurance company. To meet this goal, only those providers of services that can meet the highest standards of excellence shall be associated with National Contractors Insurance Ltd.
The philosophy of National Contractors Insurance Ltd. emphasizes that insurance is a manageable cost. Through the understanding of insurance as a business, National Contractors Insurance Ltd. shareholders have unveiled the mystique of the insurance industry. Based upon this simple yet powerful concept, National Contractors Insurance Ltd. has grown to become a documented world class captive with well documented financial and underwriting history. Through ownership in National Contractors Insurance Ltd., shareholders have indeed taken control of their insurance destiny.