Risk Retention Group (RRG).

Providing greater control over your liability programs.

A Risk Retention Group (RRG) operates under the auspices of the Federal Risk Retention Act (RRA) of 1986. The Risk Retention Act authorized the formation of purchasing groups and group self-insurance programs for certain types of liability exposures.

Members of a RRG must be engaged in similar or related businesses or activities. All liability exposures-general liability, errors and omissions, directors and officers, medical malpractice, professional liability, and product liability of its owners – can be covered. It does not extend to worker’s compensation, property insurance, or to personal lines insurance, such as homeowners and personal auto insurance coverage.

RRGs are not subject to the usual individual state laws that would prohibit the formation of group captives or make it difficult to form or operate them. One significant benefit of membership within a RRG is the control members assume over their liability programs.

This control often translates into lower rates, broader coverage, effective loss control/risk management programs, participation by RRG members in favorable loss experience, access to reinsurance markets, and stability of coverage.