History and Mission

Elite Distributors Insurance Company (EDIC) was created to satisfy the need of distributors to obtain casualty insurance coverage at a predictable cost. The founding members of Elite Distributors Insurance Company perceived that the commercial insurance industry was not responsive to this basic business necessity.

EDIC was formed in 1991. With the assistance of Captive Resources, LLC, an independent insurance consultant, the original members of EDIC sought to create a more customized, affordable insurance alternative. In forming EDIC, 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 of companies.

The mission of EDIC is to provide the highest quality insurance protection for its diverse distributor-only shareholders. By joining together to create a true sharing of risk, the shareholders can control their insurance costs and avoid the volatility of the general insurance industry. Additional benefits are created through the stabilization of premiums and the improved management of risk through effective loss control and claim management.

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 shall be associated with EDIC.

The philosophy of EDIC emphasizes that insurance is a controllable, manageable cost. Through the understanding of insurance as a business, EDIC shareholders have unveiled the mystique of the insurance industry. Based upon this simple yet powerful concept, EDIC has grown to a company of nearly $40 million strong in annual premiums. Through ownership in EDIC, shareholders have indeed taken control of their insurance destiny.