Tangram Launches Forge Energy Captive Insurance Program for Fuel and Propane Distributors
Tangram Insurance Services has launched Forge Energy, a captive insurance solution tailored to fuel and propane distributors. The program addresses the complex risk environment these businesses face by offering underwriting profits back to well-managed operators, capping indemnity loss exposure at $350,000 per claim, and providing transparent premium allocation not typically available in standard markets. Forge Energy is supported by a partnership with Coaction Specialty Insurance Group since 2014. It targets retail and wholesale fuel distributors, heating oil providers, LPG/CNG suppliers, gasoline/diesel distributors, and some carriers of refined fuels. The program includes general liability, commercial auto coverage (including pollution), as well as additional complimentary coverages like property insurance and workers' compensation. Tangram's parent company is Balavant Insurance Group, which emphasizes the importance of disciplined underwriting combined with carrier capacity to deliver stability for energy distributors.
Topics: Captive Insurance Energy Sector Insurance