Vanliner Insurance Company, an insurer for the moving and storage industry, has introduced Move-CAP, an alternative risk transfer (“ART”) insurance program that, it said, it developed exclusively for best-in-class moving and storage companies.
Move-CAP is Vanliner's third group captive program.
Over the past two and a half years, Vanliner has grown its ART business to include three group captives representing over 50 members.
Move-CAP is Vanliner's first group captive open to all moving and storage companies regardless of van line affiliation. According to the company, the program brings moving and storage agents together to form their own insurance program to achieve more predictable insurance premiums throughout various market cycles and economic conditions. Vanliner said that Move-CAP also offers other benefits, including safety tools and the opportunity to receive a return of unused premiums and investment income, with a goal of lowering overall costs.
“It is exciting to add Move-CAP, the first group captive program open to all moving and storage companies, to our growing ART portfolio,” said Ray Wise, president of Vanliner. “The program was designed to provide a more cost-effective risk management solution for safety conscious moving companies, regardless of their van line affiliation. Move-CAP members enjoy the opportunity to network, share best practices, and have a say in important program decisions including those that impact underwriting and loss control. Move-CAP is yet another avenue for Vanliner to expand its market reach by forming long term partnerships with this larger audience of independent and diverse moving and storage professionals.”
Located in the St. Louis suburb of Fenton, Missouri, Vanliner is licensed in all 50 states and is a subsidiary of National Interstate Insurance Company.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].