About Us

In 1981 the Federal Products Liability Risk Retention Act was passed that allowed for the creation of Risk Retention Group Insurance Companies. The original act focused on manufacturing operations. In 1986 the Act was broadened to address any group (homogenous) that wanted to create its own insurance companies to write liability insurance. A Risk Retention Group is a true insurance company formed under the authority of the Federal Statute. United Contractors is the only Risk Retention Group focusing on artisans and contractors domiciled in the state of Delaware.

The Act was passed because the individual states and the "traditional" market were not addressing the product liability crisis as well as general liability for various market segments of the economy. At the time the medical sector, transportation and other professional classes were facing a liability crisis. Very simply, a Risk Retention Group is a true insurance company that has to be owned by its policy holders.

In 2004 a group of insurance professionals came together to form United Contractors Insurance Company an insurer that would be owned by the member "policy holders" to provide the needed coverage to selected contractors. The company was approved in October, 2004. United Contractors is a stock company, with each policy holder owning common stock of the company. In the first 6 years of operation, the company has written in excess of $70,000,000 in policy premium. United Contractors currently has surplus of over $13 million and in fact has the most surplus of any Risk Retention Group serving contractors and artisans.