NCI
CoCal is a member of NCI which means we are in a captive insurance program and are self insured to control costs and risk.
National Contractors Insurance Ltd., (NCI) has been created to meet the needs of commercial construction businesses to obtain adequate insurance coverage at affordable rates. The founders of NCI perceived that the commercial insurance industry was not responsive to this basic business necessity.
NCI was formed in 1997. With the assistance of Captive Resources, the original members of NCI sought to create a more customized affordable insurance alternative. In forming NCI, the goal of these commercial business owners was to increase buying power and allow member companies many of the same advantages of control generally afforded to only the largest of companies.
The mission of NCI is to provide the highest quality insurance protection and services for its non-related shareholders. By bonding together to create a true sharing of risk, the shareholders can control their insurance costs and avoid the volatility of the general insurance industry. Additional benefits are created through the increased assurance of coverage, the stabilization of premiums and the improved management of risk through collective loss control.
NCI, through the active participation of its shareholders, endeavors to provide long-term security of a well managed offshore insurance company. To meet this goal, only those providers of services that meet the highest standards of excellence are associated with NCI.
The philosophy of NCI emphasizes that insurance is a manageable cost. Through the understanding of insurance as a business, NCI shareholders have unveiled the mystique of the insurance industry. Based upon this simple yet powerful concept, NCI has grown to a company approaching $40,000,000 in annual premiums. Through ownership in NCI, the shareholders have indeed taken control of their insurance destiny.
