At American Highways Insurance Agency we provide and manage high quality, cost effective insurance programs and risk management services designed specifically for the transportation industry. From tow trucks to 18-wheelers, rental cars to fuel haulers, American Highways has become a leader in Alternative Risk Transfer (ART), or captive, programs for the transportation industry. We offer experience, technology, passion, and fresh perspectives through a partnership that creates value and a competitive advantage for our clients.
American Highways is highly responsive in meeting the needs of alternative risk transfer members. We have access to a separate claims management service dedicated exclusively to ART participants, as well as a rental captive facility based in the Cayman Islands.
What’s more, we’ve staffed our company with the best and brightest in alternative risk transfer products. Our team is dedicated to launching and growing successful group, and individual large account captives through rental and member-owned facilities. We pursue partners who are industry leaders and understand the long-term rewards of ART programs.
Alternative Risk Transfer insurance, or ART, is where you become, in essence, your own insurance company. With ART, you pay the premium into your customized program. And if you don’t suffer significant losses, a portion of that premium, along with investment income, may be returned to you.
With a traditional insurance plan, you pay the premium to an insurance company in return for insurance protection. The insurance company bears the risk, but also reaps the financial rewards if you do not make a claim.
If you are insured through a group ART program, the risk and reward are shared between you, the insurance carrier and other members. Groups that mitigate their losses enjoy bigger profits. Therefore, ART programs are best suited for companies that typically perform better than their peers when it comes to preventing losses or managing claims.
Are you a good operator with losses that are typically lower than those of your industry peers? If so, you may consider capitalizing on your good record and years of experience by joining an alternative risk insurance program.
When managed correctly, the long-term financial benefits of ART participation with American Highways can be great. With the potential for underwriting profits and additional investment income, you can lower the effective cost of your insurance, and enjoy more stable premiums. It’s an intelligent financial move for many companies.