Take Control.
Gain Stability.
Share the Rewards.
As a member-owned captive, NCI empowers businesses to manage risk, reduce volatility, and build lasting financial strength together.
Insurance that Works for Members, Because They Own It.
With NCI, members shape their own insurance future, sharing in the decisions, the results, and the rewards.
Take Control.
Gain Peace of Mind.
Eliminate the mystique of the insurance industry. Through ownership in NCI, members gain the transparency and expertise needed to make insurance a predictable, manageable cost.
Stability in a Volatile World.
NCI is more than an insurer, it’s a robust company built on a long tradition of owner-managed performance and risk-management success.
Take Control. Gain Stability. Share the Rewards.
As a member-owned captive, NCI empowers businesses to manage risk, reduce volatility, and build lasting financial strength together.
Insurance that Works for Members, Because They Own It.
With NCI, members shape their own insurance future,sharing in the decisions, the results, and the rewards.
Take Control. Gain Peace of Mind.
Eliminate the mystique of the insurance industry. Through ownership in NCI, members gain the transparency and expertise needed to make insurance a predictable, manageable cost.
Stability in a Volatile World.
NCI is more than an insurer, it’s a robust company built on a long tradition of owner-managed performance and risk-management success.
Our Captive
National Contractors Insurance Ltd. is a member-owned insurance company where non-related businesses join together to share risk, stabilize premiums, and improve results through disciplined loss control. With active shareholder participation and best-in-class service partners, NCI provides the long-term security of a well-managed insurer. Members gain clarity and confidence that premiums are appropriate and performance is rewarded. In short, NCI turns insurance into a manageable cost and puts companies in control of their insurance future.
- Member-Owned
- Greater Cost Control
- Transparent Performance Insights
- Long-Term Stability
Our Captive
National Contractors Insurance Ltd. is a member-owned insurance company where non-related businesses join together to share risk, stabilize premiums, and improve results through disciplined loss control. With active shareholder participation and best-in-class service partners, NCI provides the long-term security of a well-managed insurer. Members gain clarity and confidence that premiums are appropriate and performance is rewarded. In short, NCI turns insurance into a manageable cost and puts companies in control of their insurance future.
- Member-Owned
- Greater Cost Control
- Transparent Performance Insights
- Long-Term Stability
Highlights
Highlights
Members
Annualized Premiums
Total Dividends
Construction Employees Insured
Benefits of Membership
Ditch the Volatility
Member premiums are no longer tied to the unpredictable traditional market. In NCI, a member’s performance, not outside cycles, is the primary driver of its long-term insurance cost.
Safety Pays
Companies that prioritize safety and actively manage claims generally experience long-term premium reductions and potential returns.
Experience True Transparency
Experience true shared risk with full transparency into where every premium dollar goes, plus the opportunity to build equity and achieve powerful financial efficiencies.
Ditch the Volatility
Member premiums are no longer tied to the unpredictable traditional market. In NCI, a members performance, not outside cycles, is the primary driver of its long-term insurance cost.
Safety Pays
Companies that prioritize safety and actively manage claims generally experience long-term premium reductions and potential returns.
Experience True Transparency
Experience true shared risk with full transparency into where every premium dollar goes, plus the opportunity to build equity and achieve powerful financial efficiencies.
“Collaborating with likeminded, safe construction companies across the United States has not only been financially beneficial but more importantly it has enhanced our safety culture immensely over the years.”
President
Joined 2000
“Joining NCI was a strategic move for us. As we continue to grow, it gave us greater control over our risk management program and improved transparency with claims.
Just as valuable has been the collaboration with like-minded companies focused on safety and continuous improvement. The Safety Workshops have been tremendous, and our team looks forward to the key takeaways from each workshop.”
Owner
Joined 2022
“After nearly a century in business and exploring every traditional insurance model available, joining NCI in 2002 was the breakthrough we needed. It provided the perfect balance of risk minimization and cost control. Over two decades later, the results are undeniable: millions of dollars saved, consistent investment income, and a community of high-performing peers. Joining this captive wasn’t just an insurance move; it was a superior business decision.”
President & CEO
Joined 2002
“Becoming a member of NCI allowed our company to take a more proactive approach to insurance and safety. Instead of reacting to the traditional insurance market, we now have greater transparency, accountability, and control over our performance. The Captive has created a community of contractors who openly share best practices and ideas. That collaboration has made our company stronger.”
CFO
Joined 2018
Group Captive Insurance vs Traditional Insurance
Group Captive Insurance
vs
Traditional Insurance
Group Captive Insurance
-
Owning It
Members share ownership and decision-making power. -
Transparent Costs
Premiums reflect performance, not market swings. -
Shared Rewards
Investment income and profits stay with members. -
Input Encouraged
Have a voice in selecting service partners and participate in the claims process. -
Stability Through Safety
Strong risk management leads to predictable costs.
Traditional Insurance
-
Renting It
The carrier controls decisions and keeps the profits. -
Unpredictable Costs
Premiums shift with industry trends, not results. -
No Shared Returns
Investment income benefits the carrier, not the customer. -
Limited Input
Claims and services are
generally managed without your oversight. -
Market Volatility
Rates rise and fall regardless of your performance.
Group Captive Insurance
-
Owning It
Members share ownership and decision-making power. -
Transparent Costs
Premiums reflect performance, not market swings. -
Shared Rewards
Investment income and profits stay with members. -
Input Encouraged
Have a voice in selecting service partners and participate in the claims process. -
Stability Through Safety
Strong risk management leads to predictable costs.
Traditional Insurance
-
Renting It
The carrier controls decisions and keeps the profits. -
Unpredictable Costs
Premiums shift with industry trends, not results. -
No Shared Returns
Investment income benefits the carrier, not the customer. -
Limited Input
Claims and services are generally managed without your oversight. -
Market Volatility
Rates rise and fall regardless of your performance.
Frequently Asked Questions
What are the benefits of a captive insurance company?
The insurance marketplace has historically endured “hard and soft” market cycles where premiums go up and down with little relation to an actual loss experience. By pooling resources and becoming owners of an insurance company, these swings can be insulated, making insurance costs not only more predictable but potentially profitable. This is achieved through unbundled services resulting in lower operating costs and the ability to retain investment income.
Is a member at financial risk by being in a captive?
If structured properly, the member is not at financial risk. If the member were simply paying a premium into a fund in a bank and hoping their losses do not exceed the fund, then yes, it would be risky. When structured properly, using a licensed admitted insurance carrier to act as the fronting company issuing the policy, and by using a financially strong reinsurance company to insure catastrophic losses, the risk is minimal. Under this concept, the assumption of risk occurs in the smaller, predictable layer. By cutting operating costs and earning investment income, financial risk is reduced, and the bottom line is enhanced.
What loss control and claims handling service enhancements are provided by the captive that are not normally available in the traditional insurance marketplace?
The captive has a specialized loss control program administered by various risk control consultants. Claims are administered by Zurich. Special claim handling instructions are prepared for each member’s specific needs. Since NCI is capable of securing these services independently on an unbundled basis, members are assured that the service provider is evaluated based on the quality of its work product. In addition, Captive Resources in its advisory capacity assigns a claims and risk control professional as a member advocate. Finally, NCI conducts two risk control workshops each year which allows for an exchange of information between members that is not possible in the conventional market.
How long do the insureds remain in the captive?
Insureds are committed to the captive for only one policy period. Profits are based upon the policy period in which the insured is a member. The captive does ask members to make a moral commitment for at least three years, to give the member an opportunity to learn and understand all of the workings of the captive.
Can members be assessed if the underwriting results develop unfavorably?
Is NCI a rent-a-captive?
NCI is not rent-a-captive arrangement. Unlike many other group captives, which are controlled and managed by brokers, and/or agents, this is a captive owned and directed by its shareholders.
What coverages are underwritten in the insurance program?
The captive reinsures Zurich North America for Automobile Liability and Physical Damage, Workers’ Compensation, and General Liability including Products and Completed Operations of its members. Property coverage is available for all casualty members through another captive option.