An Un-Incorporated Protected Cell Insurance Company (UPCI) is a unique insurance vehicle designed to provide secure, cost-effective insurance solutions tailored to niche industries like construction. Unlike traditional insurers, a UPCI operates with segregated cells, each holding its own assets and liabilities, allowing contractors to access specialized coverage while reducing costs and maintaining a high degree of financial security.
1.Risk Segregation:
Each cell is financially and legally separate, ensuring that assets and liabilities remain distinct.
2.Cost Efficiency:
Lower operating costs mean more affordable premiums for participants.
3.Specialty Coverage Access:
UPCIs offer access to coverage types that are typically unavailable in traditional insurance markets.
Participating in SCUIC means enjoying these advantages, backed by comprehensive risk management and reinsurance partnerships to ensure stable, reliable protection.