Products
ALTERNATIVE RISK SOLUTIONS
Overview & Benefits
Hudson’s Alternative Risk Solutions product offers innovative insurance products for captives, self-insureds and other businesses that need to show evidence of coverage or issue certificates to third parties from an “A+” rated carrier. With a special focus on underserved markets and difficult specialty risk placements, Hudson offers Fully Funded products to help an insured achieve its risk management goals and objectives in a cost-effective manner.
Product Highlights
Hudson’s Fully Funded products offer unique solutions for an insured, with features and benefits such as:
- Customized Policies and Endorsements
- Flexible Collateral Options
- Self-Administered Claims or TPA
- Opportunity for Investment Income
- Easy Implementation and Administration
Coverage Includes
- General and Professional Liability (Healthcare)
- General Liability, Products and Completed Operations
- Property Deductible Funding
- Commercial Property
- Miscellaneous Professional Liability
- Deductible Buy-DoWNS
Targeted Businesses
General and Professional Liability (Healthcare)
- Skilled Nursing Facilities
- Assisted Living Facilities
- Rehabilitation Centers
- Various Healthcare Facilities
General Liability, Products and Completed Operations
- Contractors
- Property Management
- Habitational
Miscellaneous Professional Liablility
- Considered on a case-by-case basis
Deductible Buy-Downs and Reimbursement Policies
- Large Individual Accounts
- Groups and Organizations
Other Products and Niche Markets
- Other products and niche markets will be considered on a case-by-case basis
Common Questions
How do fully funded products work?
An insured obtains a Fully Funded Reimbursement Policy by providing premium and collateral to secure the policy’s aggregate limit of liability. Written as a reimbursement policy on a non-admitted basis, Hudson’s Fully Funded products are an alternative to traditional insurance that give an insured maximum control over its insurance program, from determining policy limits, terms and conditions, to final claim settlements.
What is the customer profile?
Hudson’s Fully Funded products are ideal for insureds that are looking to insure a non-statutory line of business, are financially sound, and are willing to take risk. Fully Funded customers typically:
- Have a Captive or are Self Insured
- Need an “A+" Rating Fronting Policy
- Have a Difficult to Place Coverage Need
- Desire Greater Control over their Insurance Program
- Seek a Dedicated Claims Funding Mechanism
