OUR MISSION IS TO HELP BEST-IN-CLASS TRUCKING COMPANIES OBTAIN ADEQUATE INSURANCE COVERAGE AT A MORE AFFORDABLE AND STABLE COST.
UPCOMING BOARD MEETING
February 19-22, 2020
Cabo San Lucas, Mexico
REDUCE TOTAL COST OF RISK
Membership in a captive requires a significant commitment to risk management. Rather than a conventional insurance company profiting from the member’s superior financial condition and risk management programs and using those profits to subsidize the premiums of other less attractive companies, members of the captive can reduce their cost of risk when losses are less than projected.
Having members included in the claims process yields a much
better result than dictating claim outcomes.
STABILITY OF THE PRICING CYCLE
With the group captive's buying power, there is less exposure to market pricing, so the captive avoids the disruptive underwriting cycles in the traditional marketplace.
CLICK HERE TO VIEW OUR 2018 SAFE ANNUAL REPORT
SAFE TRUCKING HISTORY
Safe Trucking Insurance Ltd. was created in 2005 to enable best in class trucking companies to obtain insurance coverage at affordable rates. The founding members of Safe Trucking believed that the traditional insurance industry was not responsive to their commitment to proactive claims management, best-in-class safety cultures and superior underwriting results. In forming Safe Trucking, the goal was to increase their buying power in order to provide a competitive insurance alternative that allowed best in class trucking companies many of the same benefits of control generally afforded to only Fortune 500 companies.
The company, through the active participation of its shareholders, endeavors to provide the long-term security of a well-managed insurance company. To meet this goal, Safe Trucking attempts to retain only those providers of services that the company believes can meet the highest standards of excellence.
Safe Trucking was founded on the premise that insurance is a manageable cost. By fully understanding what drives insurance costs, SAFE shareholders are able to directly impact their premiums and be rewarded for great performance. Through ownership in Safe Trucking, shareholders have indeed taken control of their insurance destiny.
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171 Elgin Avenue, PO Box 10233
Willow House, Cricket Square, GeorgeTown
Grand Cayman KY1-1002, Cayman Islands