HCIC is owned by its policyholders and the majority of its board members are builders who are both policyholders and owners of the HCIC. Traditional insurance companies build their profit margins into their rates but HCIC policies use the surplus remaining after any losses sustained, to invest for the benefit of its members – the builders - rather than an insurance company.

By using strict criteria for entry to the scheme, HCIC policyholders can be confident that their rates are not being penalised for the losses of others. Only those that pass the comprehensive risk management review and a third party review by a quality control company will be eligible.