About Us
About American Builders Insurance Company Risk Retention Group (ABIC RRG)
ABIC RRG was created in accordance to the Liability Risk Retention Act (LRRA) Act of 1986. In passing this Liability Risk Retention Act, Congress created an alternative solution to liability issues at that time, which included a lack of product availability and excessive rates. This Act allows groups of similar liability exposures to own and obtain coverage from an insurer formed as a Risk Retention Group (RRG).
ABIC RRG IS A POLICYHOLDER-OWNED LIABILITY INSURANCE PROVIDER FOR SMALL CONTRACTORS
The advantages of such a program include:
Strategic Alliances
ABIC builds on strategic alliances with nationally recognized insurance producers to provide cost-effective no-fuss liability insurance for our policyholders.
Industry Specialists
As specialists in the contractor insurance market ABIC brings personal, professional and experienced guidance to management and operation of a Risk Retention Group tailored to the needs of small contractors.
Unbundled Coverages
ABIC does one thing – general liability insurance. Our policyholders have the complete freedom to choose the other coverages they need from any carrier for a truly customized solution that incorporates the best available insurance products and services.
Recognized Expertise
Our teams of dedicated professionals have recognized expertise in the various functional areas of the insurance industry in underwriting, claims handling, policyholder services and regulatory compliance.
LEGAL DISCLAIMER FOR LRRA COMPLIANCE
This electronic information is published by American Builders Insurance Company Risk Retention Group, Inc., a Risk Retention Group, for educational purposes only and is not intended to be a solicitation or sale of insurance to any person not eligible for membership or in states where the risk retention group has not filed its registration as required by the federal Liability Risk Retention Act of 1986 (LRRA). Risk retention groups operate under the federal Liability Risk Retention Act of 1986 and provide insurance for the common liability risk exposure of eligible group members. Different state laws may apply.
Policies issues by a risk retention group may not be subject to all of the insurance laws and regulations of your state. State insurance insolvency guaranty funds are not available for risk retention groups. This electronic information is intended solely to provide general information and is not intended to constitute legal advice. If legal advice is desired or needed, an attorney should be consulted.
Governance Standards | Code of Business Conduct & Ethics