Columbus Insurance Ltd. (Columbus) was created in 1994 from businesses looking to obtain insurance coverage at a more affordable cost. The founding members of Columbus perceived that the commercial insurance industry was not responsive to this basic business necessity. In forming Columbus, the goal of these business owners was to increase buying power and allow member companies many of the same advantages of control generally afforded to only the largest companies.
The mission of Columbus is to provide the highest quality insurance protection for its non-related shareholders. By joining together to create a true sharing of risk, the shareholders can control their insurance costs and avoid the volatility of the traditional insurance industry. Additional benefits are created through the stabilization of premiums and the improved management of risk through effective loss control.
The Company, through the active participation of its shareholders, provides the long-term security of a well-managed insurance company. To meet this goal, only those providers of services that can meet the highest standards of excellence are associated with Columbus.
Columbus was founded on the premise that insurance is a manageable cost. Through the understanding of insurance as a business, Columbus shareholders have uncovered the mystery of the insurance industry. Through ownership in Columbus, shareholders have indeed taken control of their insurance destiny.