Program Overview

Thank you for considering Foodservice Risk Management, Inc. Casualty Insurance Program. This program is offered exclusively to members of UNIPRO with above-average risk characteristics. When pooled together, these members form a better performing underwriting group that can be leveraged to provide broader coverage with more stable and competitive pricing. We are also able to employ enhanced loss control and claims service to further reduce our future cost.

The FSRM, Inc. Captive

FSRM reinsures Liberty Mutual for a portion of the Workers Compensation, General Liability, Product Liability, Automobile Liability and Physical Damage coverage lines of each FSRM member. The captive currently retains the first $500,000 of each and every occurrence.

The food service industry is ideally suited for a captive because of (1) high frequency/low severity exposure in workers’ compensation, (2) little general liability/products liability exposure and (3) severity exposure with the fleet. This allows the captive to manage the workers’ compensation claims and work to prevent fleet claims, thus generating immediate profits.

The current gross written premium of $11,500,000 is comprised of 56% Workers Compensation, 34% automobile Liability, 7% Automobile Physical Damage and 3% General Liability. This allows you to enter the insurance marketplace with the leverage of a $10,000,000 diversified account

Foodservice Risk Management, Inc. Program Structure