sea oats and beach at Gibbs Cay The beach at Gibbs Cay.

Insurance Companies, Brokers and Agents

the White House and salt pans on Salt Cay
Aerial view of salinas on Salt Cay.

Insurance licencing and sales in the Turks and Caicos Islands is regulated by the Financial Services Commission (FSC), which is an independent statutory body charged with the regulation of the financial services sector. Both domestic and international providers of insurance face regulation. This commission reports to the Governor.

Local firms are usually resellers or agents which sell insurance on behalf of a larger company, commonly based in the Bahamas or another Caribbean country.

Most insurance companies in the Turks and Caicos Islands offer a wide range of services and products and don’t specialize in one product.

Health and Medical Insurance

The government-run National Health Insurance Plan (NHIP), run by the National Health Insurance Board (NHIB), mandates contributions from those eligible residing and working in the Turks and Caicos. Due to limitations of this programme, some persons opt for private health insurance with a wider range of health care providers and coverage.

Auto Insurance

In order to register a vehicle for public road use in the Turks and Caicos, it is a requirement to hold at third-party insurance. The minimum is $100,000 per claims of property damage and $500,000 for death and injury (Motor Vehicles - Third Party Insurance Ordinance 2014).

Commercial and Business Insurance

Commercial and business insurance can protect a business owner from unexpected liability, acts of God, or similar circumstances and events. It's also usually a requirement for commercial leases and office space to hold liability insurance for claims arising in or around the premises.

Marine Insurance

Local companies offer policies tailored from small pleasure craft to large commercial vessels. Depending on the policy, this can include accidental damage, liability of other persons or property is damaged, and also coverage whilst the boat is in transit (such as trailering).

Other Risks

As policies are generally underwritten by larger regional insurance companies, insuring against other types of risk generally requires completing a thorough questionnaire so your exact needs can be better understood. For unsual or large risks, and other types of coverage not provided by local companies, it's possible for an insurer to receive special dispensation in order to provide a service without holding a licence for it.

Local Companies and Agents

NW Hamilton - +1 (649) 946-4060 - Leeward Highway, Providenciales

J.S. Johnson - Graceway Plaza, Providenciales

TCI First Insurance - +1 (649) 946-4431 - Downtown, Providenciales

GK Insurance Brokers - +1 (649) 946-4823 - Saltmills Plaza, Grace Bay, Providenciales

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