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