Benefits
The greatest benefit from writing your insurance with Evergreen Indemnity, Ltd. is that the policy is tailored specifically for campgrounds and RV parks or your paddlesports operation. We provide the coverage that will best protect your investment.
Savings
Evergreen Indemnity is an offshore captive insurance company incorporated in Barbados. Offshore captives traditionally provide lower operating costs, specialized risk management, and loss prevention programs that translate into generally lower premiums over the long term.
Captives have reduced operating costs by as much as 35% over traditional insurance markets, allowing a great portion of client money to be spent on paying losses, rather than funding administrative expenses.
We pass those savings along to our policyholders through reduced premiums, better coverage, enhanced services, and contributions to the industries we serve.
We give up to a 20% association credit directly to our policyholders if they are members of their campground owners' association or PIA.
Accountability
Evergreen Indemnity was created with the financial backing from leaders in the camping industry.
More than 70% of the stock ownership is vested with campground owners and paddlesports operators. Ten directors serve on our Board, seven of which are current or former campground owners or paddlesports operators.
We have an active risk management program in place to ensure that our policyholders have and maintain loss control measures that produce a safe but fun-filled environment for their campers and guests.
Convenience
Evergreen Indemnity has contracted with Evergreen MGA to provide accounting and underwriting services, safety and loss control engineering, on-site safety inspections, and claims administration. Evergreen MGA employs a staff of highly trained specialists to service campground and paddlesports accounts.
Flexible annual, semi-annual, quarterly or monthly 10-pay plans. Tailored plans also available
24-hour, 365 days a year, toll-free claims reporting service
On-line claims reporting service
Experience
Evergreen has proven its financial responsibility over the years earning an "A-" rating (Excellent) from A.M. Best, the oldest, most experienced insurance company rating agency in the world.
Evergreen Indemnity is a conservative company, always keeping the future of the camping and paddlesports industries in mind. A.M. Best says this about us: "Sound investment guidelines have been established over the years to produce outstanding results improving earnings without an erosion of capital."
Our policyholder surplus is in excess of $30,000,000. We have increased our capital and surplus funds by 12% annually, over a ten-year period.
The combination of conservative financial management, the backing of a powerful reinsurance program, and an active risk management department have put Evergreen Indemnity in a strong financial position.