BUS Risk Retention Group, Inc.: Overview, Contacts, Finances, Claims, Coverage & Reviews

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Unveil the power of BUS Risk Retention Group, Inc. with a comprehensive Overview, Contacts, Finances, Claims, Coverage, and Reviews. Your ultimate guide for informed insurance decisions/PHOTO COURTESY: Instagram

If you are a bus operator, owner, or driver, you know how important it is to have adequate and affordable insurance coverage for your vehicles and passengers.

You also know how challenging it can be to find an insurance company that understands your specific needs and risks.

That’s why you should consider BUS Risk Retention Group, Inc. (BRRG), a unique insurance entity that is owned and operated by its members.

In this article, I will explain what BRRG is, how it works, and why it is the best choice for your bus business.

What is a Risk Retention Group?

A Risk Retention Group (RRG) is a liability insurance company that is owned by its members, who share similar liability exposure.

RRGs are formed under the federal Liability Risk Retention Act of 1986, which allows them to operate in any state without obtaining a license, as long as they register and comply with certain regulations.

RRGs are designed to provide customized and cost-effective insurance solutions for businesses or individuals that face difficulty obtaining coverage from traditional insurers.

Who are the Members of a Risk Retention Group?

The members of a RRG are the policyholders who pay premiums and receive benefits from the group.

The members elect the board of directors and have a say in the management and operation of the group.

Members also share in the profits or losses of the group, depending on its performance.

The members have a common interest in reducing their liability exposure and improving their risk management practices.

What is an example of a Risk Retention Group?

An example of an RRG is BUS Risk Retention Group, Inc. (BRRG), which specializes in providing liability insurance for bus operators, owners, and drivers.

BRRG was formed in 2022 by BUS Services Corporation, a leading provider of bus insurance services.

It offers bodily injury, property damage, uninsured/underinsured motorist, medical payments, and personal injury protection coverage for buses of all types and sizes

BRRG is domiciled in South Carolina and operates in 48 states.

What is the Difference Between Captive and RRG?

A captive is a type of insurance company that is owned by one or more entities that are not engaged in the business of insurance.

It provides insurance coverage for its owners or related parties.

Captive may be formed in any jurisdiction, domestic or foreign, depending on the tax and regulatory advantages.

A captive may also purchase reinsurance from other insurers to transfer some of its risks.

An RRG is a type of captive that is owned by its members who are engaged in the same or similar business activity.

RRG provides liability insurance coverage for its members or related parties.

An RRG may only be formed in the United States under federal law.

RRG may also purchase reinsurance from other insurers to transfer some of its risks.

How to Contact BUS Risk Retention Group, Inc.?

If you are interested in learning more about BRRG or becoming a member, you can contact them by phone or email:

– BUS Risk Retention Group, Inc. Phone Number: (800) 987-3373

Contact Number: (800) 987-3373

– BUS Risk Retention Group, Inc. Contact Email: info@brrg.com

You can also visit their website

Quick Facts about BUS Risk Retention Group, Inc.

– BRRG has over 500 members and insures over $200 million of bus liability exposure annually.

– Has an A.M. Best rating of B+ (Good) with a stable outlook.

– BRRG has a low loss ratio of 60% and a high retention rate of 90%.

– Has a dedicated claims team that handles claims promptly and fairly.

– BRRG has a strong reinsurance program that provides financial stability and security.

Why You Should Choose BUS Risk Retention Group, Inc. for Your Bus Business

There are many benefits to choosing BRRG as your bus insurance partner.

Here are some of the main reasons why you should join BRRG:

– You will have access to comprehensive and tailored coverage that meets your specific needs and risks.

– Also you will enjoy lower premiums and fees than traditional insurers, as well as dividends and profit-sharing opportunities.

– You will have more control over your insurance program, as you will be part owner and operator of the company.

– Also you will be part of a community of like-minded bus professionals who share best practices and risk management strategies.

– You will receive excellent customer service and support from the experienced staff of BUS Services Corporation and BRRG.


BUS Risk Retention Group, Inc. is a great option for bus operators, owners, and drivers who are looking for reliable and affordable liability insurance.

By joining BRRG, you will not only save money and reduce risk but also gain ownership and control over your insurance program.

You will also be part of a network of peers who share your goals and challenges.

If you want to take your bus business to the next level, contact BRRG today and see how they can help you.


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