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The Growers Captive Group provides agricultural businesses with an alternative to traditional workers’ compensation insurance, empowering members to control their insurance costs and transform premiums into profits. Since 2007, the program has distributed $14.6M in underwriting profits and investment gains to its members.
Coverages
The Growers Captive Group offers comprehensive Workers’ Compensation coverage across all 50 states, specifically tailored for agricultural businesses.
Coverage Eligibility
To qualify for the Growers Captive Group, businesses must meet the following criteria:
- Business Type: Must be in the agricultural sector, such as nurseries, orchards, vineyards, or other eligible classes.
- Loss History: Must demonstrate a loss ratio of 50% or better over the past five years.
- Experience: Minimum of five years in business with a commitment to strong safety practices.
- Premium: Minimum annual premium of $200,000.
- Participation: Active involvement in program governance is required.
- Financial Stability: Must pass a financial assessment and meet program safety and quality standards.
Program Highlights
- Profit Potential: Members can recoup a significant portion of their premium based on individual loss experience, with profits going directly to their bottom line.
- Enhanced Control: As a member, you participate in program governance and work directly with service providers—claims adjusters, defense attorneys, and more—giving you direct control over claims handling and costs.
- Stable Costs: The program flattens traditional insurance cycles, insulating members from hard and soft market fluctuations.
- Investment Income: Earns investment income on loss fund dollars, typically ranging from 2-5%.
- Tailored Risk Management: Offers individualized claims management and loss control strategies, tailored to each member’s unique needs.
Program Partners
- Travelers
- Sedgwick
Optional Enhancements
Growers Captive Group provides customizable options, including enhanced risk management and claims handling solutions that align with members’ specific operational needs, helping to drive down costs and improve long-term profitability.
Speak to an Expert
Josh Stoll
VP, Group Captives
Specialty Captive Group, a division of Specialty Program Group
Shelly Caprio
Vice President, Group Captives
Specialty Captive Group, a division of Specialty Program Group
