Federated, Ltd.
Federated, Ltd. was formed in 2014 to provide a more customized, affordable and stable insurance alternative for its diverse members. Its mission is to provide the highest quality insurance protection for its non-related shareholders.
The Company is licensed in the Cayman Islands to reinsure risks from the policy issuing company, Federated Mutual Insurance Company (rated A+ by A.M. Best). Federated Mutual Insurance Company is licensed and admitted providing coverage to the membership in the United States. The types of coverage underwritten by Federated, Ltd. are Workers' Compensation, General Liability, Automobile Liability and Physical Damage.
Federated, Ltd. is a heterogeneous member-owned, group captive whose target risk is a best-in-class, safety-focused company, in any of the following industries: Equipment dealers, Automotive Dealers, Petroleum Marketers, Convenience Stores Operators, Light Manufacturers, Wholesale Distributors, Specialty Trade Contractors, Tire Dealers, and Building Material Dealers. It offers loss control and claims management programs tailored specifically for this industry segment.
Federated, Ltd. Facts & Figures*
Number of Active Members: 86 members
Annual Premiums: $47,682,369
Captive Retention: $400,000
Lines of coverage: Workers' Compensation, General Liability, Auto Liability, Physical Damage
A Fund: $0-$100,000
B Fund: $100,001-$400,000
* = As of 6/1/2024
Membership Criteria
Because each member of Federated, Ltd. is an owner, the following criteria has been established to ensure the quality of membership and long-term strength of the Company:
- Management Commitment to Safety and Claims Management
- Financially Strong Company
- Loss Experience Better Than Average for Industry Group
- Business Philosophy Compatible with Federated, Ltd.
- Minimum Premium: $100,000