THE PREMIER INSURANCE SOLUTION
EXCLUSIVE TO THE HUMAN & SOCIAL SERVICE INDUSTRY
A PARTNERSHIP DESIGNED TO STRENGTHEN AND ENHANCE YOUR CLIENT RELATIONSHIPS
With TCA, you can offer nonprofit clients a viable, customized alternative to conventional insurance packages. Clients who join our captive become co-owners — which means they’re more likely to remain in the program instead of going to market or requesting annual reviews. And that can result in lower marketing costs and greater control for you. As a TCA partner, you will:
▶ Continue as your clients’ trusted advisor and key point of contact. You lead; we support you and your business.
▶ Share in every phase of the process — from our free Rear View Mirror Analysis feasibility study to onboarding and program implementation
▶ Have direct access to our insurance professionals and the latest captive-related regulatory developments
Our program currently includes the following lines of coverage:
▶ General Liability
▶ Professional Liability
▶ Abuse & Molestation
▶ Automobile
TCA extends reinsurance, claims handling and loss prevention services to Members through an exclusive partnership with Philadelphia Insurance Companies, the predominant market participant for human service providers.
“The program is open to local agents as opposed to having just one agency being the exclusive sales distributor. We find it extremely important to allow the social services organizations to retain their local insurance agents and brokers.”
— Dennis Silvia
— President, Cedar Consulting, LLC
THE CAPTIVE ADVANTAGE:
A CREATIVE SOLUTION FOR A UNIQUE MARKET
TCA is a group captive program designed expressly to meet the insurance needs of human and social service organizations. Operating as a closely held insurance company, TCA insures some or all of the risk of our Members. Through our expertly managed shared-risk structure, participants can benefit from:
▶ Significant dividend and reinvestment opportunities
▶ Lower, stabilized insurance costs
▶ Better control over investments and claim settlements
▶ Greater access to reinsurance markets
▶ Improved risk management
Our risk management services include:
▶ Loss exposure identification and assessment
▶ Internal policies and documents review
▶ Risk and safety awareness training materials
▶ Risk management communication augmentation
▶ Comprehensive claim reviews and participant-focused reporting procedures
▶ Periodic reporting quantifying participant loss control
▶ Access to alternative risk financing options
Unlike standard insurance programs,
TCA shifts profits from the insurance carrier to its Members.
Here’s how:
64.88% of Members’ total premiums are ceded to TCA to pay claims. The remaining 35.12% goes to the insurance carrier — in this case, Philadelphia Insurance — to cover fronting fees, reinsurance costs, taxes, and loss control. The balance of the 64.88%, not used to pay claims, is returned to Members in the form of annual dividends. These dividends are profits that standard insurance companies typically keep for themselves. TCA strives to provide Members the opportunity for a consistent, reliable stream of revenue by leveraging our expertise in outstanding risk management and loss control.
Since our inception, TCA Members have recaptured $21 Million in premium savings and received over $10.85 Million in dividends.
