Fire & Rescue Indemnity Company Limited (FRIC) was formed in 2015 when a group of fire & rescue authorities identified a gap in the market for a set of products that combined the benefits of insurance with those of risk and financial pooling.
FRIC was established as a hybrid discretionary mutual, an innovative operating model which means that it is owned and controlled by its Members, with a focus on service and satisfaction rather than generating a profit for shareholders. Members work together to improve risk management by following best practice and sharing learning, with any financial savings being used for the benefit of the Member authorities.
FRIC provides risk protection products for Members’ core risks including vehicle fleet, liability and property. As a discretionary mutual, we are owned by our Members and operate solely for their benefit.