Green Industry Group Captive Insurance Program
The insurance solution for the landscaping industry.
Expertise in Landscape Industry Insurance
No matter the setting, hardscape and landscape maintenance involves risk and often results in expensive or limited coverage options. Some organizations don’t even have access to coverage, while others are paying a steep price for the minimal coverage they do have.
Our specialized insurance solutions specifically for hardscape and landscape professionals include comprehensive coverage options, proactive risk management strategies, and access to industry-specific safety resources.
How It Works
Green Industry Captive (GIC) is a member-owned group captive insurance program that provides workersʼ compensation, auto liability, auto physical damage, and general liability insurance to select landscape professionals throughout the United States.
GIC was created for qualified employers with the goal of providing each participating employer (”member”) with:
- Year-to-year pricing stability
- Decreased insurance costs
- Ownership & control
- Loss control tailored for landscapers
- Sharing of industry best practices & networking
GIC focuses the value proposition offered by Garnetʼs heterogenous programs specifically to the best employers in the landscape industry allowing:
- Access to underwriting profit and investment income
- Stability in long-term insurance expense
- Partnership with best in class claims and loss control vendors
- A+ rating and licensed in all states
Landscapers who are currently paying a minimum of $150,000 in combined traditional WC/AL/APD/GL insurance premiums are eligible for this program.
Benefits of Joining Green Industry Group Captive
In a traditional insurance model, organizations with few claims wind up subsidizing those with many claims. With a captive, however, premiums are based on the risk associated with the participating organizations, not the entire industry. So, when a select group of safety conscious landscaping experts form a captive, they pay significantly less for insurance coverage but still have appropriate protection against risk.
Control
As a member youʼll dictate:
- service provider selection
- claims handling
- program structure
Cost
Unlike traditional insurance, youʼll pay based on usage, not market rates. Additionally, any profit that would typically be given to the insurance companies are instead returned to our members.
Stability
By joining the program, youʼll avoid the fluctuation of cycles as seen in traditional insurance, regardless of your needs and performance.
In addition, the Green Industry Captive provides unique resources that are specifically directed toward the hardscape and landscape industry. These resources are focused around delivering results that will ultimately reduce the cost of insurance for hardscape and landscape professionals, giving them an advantage over their competitors.
Experience Matters
GIC uniquely caters to best-in-class landscape and hardscape companies who have excellent safety measures and are tired of the inefficiencies of the standard market that create:
- Inherent pricing swings regardless of a company’s risk management practices
- Pricing reactivity in the event of a catastrophic loss
- Above average companies within the industry subsidizing poorer performing companies through class rating
Our team of specialized insurance specialists will work closely with you to determine if GIC is the right solution for your client’s organizational needs and exposures.
Specialized Resources & More
Learn How Your Clients Benefit from Integrating Key Loss Control Strategies
Loss control becomes a strategic asset that directly influences financial stability and growth within a group captive framework. Download our brochure and give your clients all the options needed to control their insurance program costs.
Contact Us Today
Why wait? Contact us to discover how the Green Industry Captive group can transform your insurance experience.