Program Offering Overview

CIRCA issues annual guaranteed cost policies that are fully fronted by Arch Insurance Company (A+, XV). CIRCA assumes liability for all contractor shareholders within the following lines of business:

  • Commercial Automobile Liability and Auto Physical Damage (issued with a $2 million primary limit)

  • Commercial General Liability (issued with a $2 million primary limit)

  • Workers’ Compensation and Employers’ Liability (issued with statutory limits and with a $1 million Employers’ Liability limit)

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Program structure

CIRCA takes all of the risk in the primary loss layer of $550,000, plus a 30% quota share of $450,000 excess of $550,000 for all lines. This loss layer is broken down per the summary below:

  • First $125,000 is allocated entirely to the individual shareholder (A Fund)

  • The next $175,000 xs of $125,000 is allocated entirely to the individual shareholder (B Fund)

  • The $250,000 xs of $300,000 is allocated pro-rata to all shareholders based on their annual premium contribution (C Fund)

  • The 30% Quota Share of $450,000 excess $550,000 is allocated to all shareholders based on their annual premium contribution (C Fund)


Leveraging Purchasing Power

In addition, CIRCA leverages their group purchasing power to provide additional coverage outside of the captive structure. Additional lines of business purchased through this approach include:

  • Contractors Professional & Pollution Liability

  • Commercial Umbrella


Program eligibility

CIRCA uses the following set of criteria as a guideline for eligibility:

  • Privately/Publically owned or closely held contractors, at least 5 years in business

  • Over $500,000 of annual premium for Workers’ Compensation, General Liability, Auto Liability and Auto Physical Damage

  • Financially strong, $3 Million minimum net worth (includes status as a Federal Income Taxpayer, including deferred taxes, in good standing)

  • Contractors with a proven loss history that outperforms industry average

  • Contractors with sound risk management practices, with established safety/loss control programs

  • Strong management team

  • Commitment to the long-term goals of CIRCA


Target Market

Within the core values of CIRCA, we target a wide range of commercial and industrial contractors, including, but not limited to:

  • Street & Road

  • Underground Utility, Pipeline and/or Cable Installation

  • Many more Best-in-Class Contractors

  • Concrete

  • Electrical

  • HVAC & Plumbing

  • Land Improvement, Excavation & Grading

  • Roofing

Best-in-Class contractors outside of the preferred list above are considered on an individual basis.