Alternative Risk Solutions

Hudson’s Alternative Risk Solutions unit specializes in creating 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.

How Fully Funded Products Work

An insured obtains a Fully Funded insurance 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.

Product Highlights

Hudson’s Fully Funded products offer unique solutions for an insured, with features and benefits such as:

  • "A” Rated Policy-Issuing Carrier 
  • Customized Policies and Endorsements
  • Claims Made and Paid or Occurrence Forms
  • Flexible Collateral Options
  • Self-Administered Claims or TPA
  • Opportunity for Investment Income
  • Easy Implementation and Administration

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” Rated Fronting Policy
  • Have a Difficult to Place Coverage Need
  • Desire Greater Control over their Insurance Program
  • Seek a Dedicated Claims Funding Mechanism

Coverages and Target Markets

Product offerings and target markets are listed below. Other products and niche markets will be considered on a case-by-case basis.

  • General and Professional Liability: Nursing Homes, Assisted Living Facilities, Senior Care Centers
  • GL, Products and Completed Operations: Contractors, Home Builders
  • Property Deductible Funding: Large Individual Accounts, Groups & Organizations
  • Professional Liability: Architects & Engineers, Law Firms
  • Environmental Impairment Liability: Chemical Manufacturers, Remediation Sites
  • Asbestos Abatement Liability: Asbestos Abatement Contractors, Insulation Contractors
  • Deductible Buy-Downs and Reimbursement Policies: Large Individual Accounts, Groups & Organizations

Contact an Underwriter

Alternative Risk Solutions