Risk Purchasing Group Management
The Veracity team understands every aspect of creating, implementing, and managing Risk Purchasing Groups. Licensed in all 50 states, Veracity is able to manage RPG’s domiciled anywhere in the country.
Risk Purchasing Groups (RPG) can be formed under the Federal Liability Risk Retention Act of 1986 to provide liability insurance to a homogeneous group, or association, with similar or related liability risks. The RPG allows the group to purchase liability coverage collectively, giving greater negotiation power in the insurance marketplace. The RPG participants benefit from tailor-made coverage, broad coverage of risk, and competitive premium pricing.
Veracity’s RPG Management Services include:
- Create By-Laws & Incorporate RPG
- Register in the Domiciled State
- Register RPG in Applicable States Conducting Business
- Remitting State Fees
- RPG State Renewals
- Full Customer Support