Through a sponsored cell structure, TIG enables transit agencies and pools to establish or join individual captive "cells." Each cell functions as a separate legal entity, ensuring no sharing of risk or liabilities between them.
HOW IT WORKS
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Interested public transit agencies can either:
Join an existing cell
Apply for membership in a current TIG-sponsored cell that aligns with your agency's needs.
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​Form a new cell
Collaborate with TIG to establish a new sponsored cell tailored to your agency's specific requirements.
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No traditional procurement process is necessary. Members must adopt an Intergovernmental Participation Agreement to formalize their involvement.
Join or Form a Captive
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Coverage and Governance
Each cell is governed by its own board, comprising
directors as determined by the cell's bylaws, including at least one Vermont-based director. Cells have the autonomy to:​
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Develop unique business plans and policies
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Procure services independently under their board's structure
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Manage their own collateral and bylaws
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TIG provides administrative support and ensures that all vendors are selected through open procurement processes.
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Benefit from Collective Strength
By participating in TIG's sponsored cell arrangement, public transit agencies gain:
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Access to liability and property reinsurance
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Reduction in administrative costs and time
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Opportunity for resource sharing
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Synergy in idea and risk management
Insurance Solutions by and for Public Transit
TIG helps public transit agencies take control of their risk through innovative captive insurance structures—backed by experienced guidance and collaborative management.
159 Bank Street, Fourth Floor
Burlington, VT 05401
Phone: (330) 334-6877
Fax: (330) 336-7130
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